February 27, according to foreign media reports, Nissan is accelerating the electrification of Europe and Japan.
Nissan said in a statement Monday that the company now expects that 98 percent of the cars sold in Europe will be hybrids or fully electric vehicles by fiscal 2026. Recently, the European Parliament adopted the European Commission and the European Council’s “Zero Emission Agreement for New Fuel Cars and Minivans Sold in Europe by 2035”, which requires the 27 EU member states to ban the production and sale of fuel cars from 2035.
In addition, in its home market of Japan, Nissan expects its share of electric vehicle sales to rise from 55% to 58%. In the U.S., the electrification goal is for electric vehicle sales to account for 40 percent of total vehicle sales by the fiscal year 2030. The company will fully localize U.S. electric vehicle production by 2026 and comply with the subsidy requirements of the Inflation Reduction Act, including the decarbonization of its Tennessee plant.
Nissan is currently trying to catch up with Tesla in the U.S. and Volkswagen in Europe. The company has committed to spending 2 trillion yen to electrify more models and make battery-powered vehicles a key driver of its future growth.
Ashwani Gupta, Nissan’s chief operating officer, said the company will launch 27 electric models by fiscal 2030, including 19 all-electric models, up from 23 and 15, respectively, previously planned. Based on this, 55 percent of Nissan’s sales (including Infiniti) will come from electric vehicles, which will account for 13 percent of global sales in the third quarter of 2022.
Nissan was known to be the first Japanese car company to try to go electric, releasing the Leaf, the world’s first mass-produced all-electric car, back in 2010.