Nissan said on Monday that it is hastening its transition to electric vehicles, particularly in Europe where pollution laws are the strictest.
By the fiscal year 2026, Nissan Motor Co. announced in a statement, “98 percent” of their European offerings will be electric or series-hybrid models. This is an improvement over the prior goal of 75%. The corporation has increased its ambition for production in Japan from 55% to 58% of all models. Nissan Motor Co Ltd (7201.T) on Monday increased its target market for electric vehicles and announced plans to increase power train manufacturing in the United States to compete with younger manufacturers like Tesla Inc. (TSLA.O).
Nissan Has Ambitious Goals
The Japanese manufacturer was an early adopter of EVs with its all-battery-powered Leaf, but it, like many established automakers, has struggled in the face of younger, more agile competitors.
Nissan has increased its target for global sales of electric vehicles, which now includes their advanced hybrid e-power automobiles, from 50% to 55% by fiscal 2030. In a statement, the carmaker revealed intentions to release 27 new electric cars that year, 19 of which would be battery-only EVs. Before, the company had planned to purchase 23 EVs, 15 of which would have been battery-only models.
Nissan wants to produce electric vehicles (EVs) at its Smyrna, Tennessee facility, and electric power trains at its Decherd plant in the same state to help it satisfy requirements of the Inflation Reduction Act, according to Chief Operating Officer Ashwani Gupta on Monday. According to him, the firm is considering expanding its current supply from Envision AESC by bringing in batteries from a second U.S. manufacturer. Because it will begin producing batteries in-house in 2026, Nissan is convinced it will be in line with the Act.
“It is tough, but on the other side, it is an opportunity to speed the competitive electrification,” he added in a virtual briefing.
