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R&D and Social Implementation Plan Formulated for Automobile-related Projects

March 14, 2022

The Ministry of Economy, Trade and Industry (METI) has formulated an R&D and Social Implementation Plan that summarizes the contents of automobile-related projects that will be implemented using the Green Innovation Fund.

1. Background and purpose

Toward the goal of achieving carbon neutrality by 2050, METI has established a Green Innovation Fund at a level of 2 trillion yen under the FY2020 Tertiary Supplementary Budget and decided to assign the project’s operation to the New Energy and Industrial Technology Development Organization (NEDO). Based on specific goals shared by the public and private sectors, the government will provide continuous support over the next ten years to companies and other organizations that are committed to taking on challenges toward achieving these ambitious goals as issues that are critical to their businesses. The support will assist efforts ranging from research and development (R&D) through demonstrations to social implementation of the outcomes.
In order to ensure proper and efficient execution of the fund, the Green Innovation Project Committee under the Industrial Structure Council finalized the Fund Allocation Policy for Each Field. Based on this policy, field-specific working groups established under the Committee deliberate on issues such as the priority and appropriateness of the amount to be implemented by the fund for each project. Then, the divisions and offices in charge of the project at the responsible ministries and agencies formulate the content of each project as an "R&D and Social Implementation Plan," and open calls for applicants.
Today, METI formulated an R&D and Social Implementation Plan for automobile-related projects based on discussions by the Working Group on the Field of Industry Structure Transformation.

2. Main content of the R&D and Social Implementation Plan for automobile-related projects

(1) "Development of In-Vehicle Computing and Simulation Technologies for Improving Energy Efficiency of Electrified Vehicles and Other Vehicles" Project

(2) "Smart Mobility Society Construction" Project

3. Future schedule

Today, NEDO has started the call for applicants for automobile-related projects. For more information, please see METI's press release "Call for Applicants Starts for Automobile-Related Projects."

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