Thursday, January 20, 2022

Nissan reveals electric vehicle plan, planning to spend $18billion

Nissan Motor Co. has plans of playing a possibly formidable role in the world of electric mobility and will invest around two trillion yen (approximately $17.6 billion) over the course of the next five years. The Company is planning to have more battery-powered options for customers across the world. The eventual aim for Nissan is to ensure that its electric vehicles are the highlights in the product portfolio.

The Nissan Leaf was one of the earliest electric offerings in many markets and the Japanese car company is looking at expanding its battery-powered options with plans of having as many as 23 new models by 2030.

This will include 15 all-electric cars.

“We have a 10-year head start over competitors with electrification. We will leverage this experience and speed up the shift with further investment,” said CEO Makoto Uchida. “The time is right for us to shift gears from focusing on business transformation to creating the future.”

The US and the UK markets are crucial. Nissan has confirmed plans to have a $1.4 billion EV hub in the UK. And as per reports, the company wants to eventually have 75% of its Europe sales coming from EVs. The figures are 55% in Japan, 40% in China and the US.

Electric and hybrid vehicles are being increasingly adopted in the face of concern about climate change, with Britain moving to ban new sales of diesel and petrol cars in the the country from 2030.

Last year, only around 10 per cent of Nissan’s global sales were electric or hybrid vehicles, and the firm said the new target would help it achieve carbon neutrality across the life cycle of its products by 2050.

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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