Nissan’s $17.5-bn plan: Half of its vehicles to run on electricity by 2030

Tokyo, Nov 29 (EFE).- Automaker Nissan Motor Monday said it would spend more than $17.5 billion over the next five years as part of its carbon neutrality plan to electrify half of the vehicles it sells globally by 2030.

The auto giant said the 2-trillion yen ($17.6 billion) strategy involves launching 23 new electrified models, including 15 fully electric vehicles (EV) and eight hybrids, across the Nissan and Infiniti brands.

The Japanese automaker, in a statement, said it intended to increase its electrification sales mix in Europe by 75 percent by 2026 (between Apr.1, 2026, and Mar.31, 2027).

By that time, Nissan also expects its electrification sales mix in other markets like Japan and China to be more than 55 percent and 40 percent.

The Yokohama- based company forecasts that by 2030 the sales of its electrified vehicles in the United States will account for more than 40 percent of EV sales.

Nissan also plans to launch electric vehicles with its solid-state batteries by the 2028 fiscal year.

The company expects to increase its global volume of battery production to achieve cost parity between EV and gasoline vehicles in the future.

It foresees the development technology that would reduce the charging time to a third of what it is currently.

The company said it would open “battery refurbishing” plants in Europe during the 2022 financial year and in the US in 2025 to ensure the sustainability of vehicle batteries.

With this plan, Nissan joins other Japanese automakers to achieve carbon neutrality by 2050, including Honda Motor and Toyota.

Honda has vowed to sell only electric and fuel cell vehicles by 2040.

Toyota expects to sell 8 million electrified vehicles each year by 2030. EFE


Related Articles

Back to top button