Coming five years to witness Nissan investment of $17.6 billion to increase the offering of electric vehicles

Coming five years to witness Nissan investment of $17.6 billion to increase the offering of electric vehicles

Highlights:

  • Nissan, one of the prominent corporations that are exploring an electrification approach.
  • These actions come at a time when major economies throughout the world are working to decrease transportation’s environmental imprint.

Nissan’s Investment Strategy

Nissan plans investment 2 trillion yen ($17.6 billion) over the coming five years to boost entire product line’s electrification.

Nissan announced on Monday that by 2030, it plans to release 23 new electrified cars, 15 of which would be electric.

By the end of the decade, it wants its Nissan and Infiniti brands to have a 50 percent electrification mix.

By 2028, the company plans to introduce all-solid-state batteries, or ASSB, to the market. Nissan announced a pilot ASSB plant will be ready “as early as the fiscal year 2024” in the Japanese city of Yokohama.

Nissan CEO Makoto Uchida stated his business was focused on ASSB development in-house in a speech presenting the objectives.

“In comparison to present lithium-ion batteries, we’ll be able to double the energy density,” he stated. “By making batteries smaller and thinner, we can offer a more flexible layout with more dynamic performance, which will allow us to expand into broader categories like pickup trucks.”

Nissan is one of the well-known firms that are pursuing an electric vehicle strategy. Volvo Cars said in March that it would become a “totally electric car company” by 2030. BMW Group has stated that by 2030, completely electric vehicles will account for at least 50% of its deliveries.

It comes at a time when major economies all over the world are seeking to lessen transportation’s environmental imprint.

By 2030, the U.K. Kingdom, for instance, plans to amplify the sale of gasoline vehicles, new diesel, and vans. From 2035, all new vans and vehicles will have zero tailpipe emissions.

On the other hand, the EU’s executive arm, the European Commission, is aiming for a 100% drop in CO2 emissions from vans and cars by the end of 2035.

Declaration by other Signatories

Signatories to a declaration made at the COP26 climate change summit earlier this month stated that they would “seek to eliminate all-new car and van sales.” They will be zero-emission globally by 2040, and in leading markets by no later than 2035.”

While the United States, China, and automakers such as Volkswagen, Toyota, and Nissan were not signatories to the declaration, the United Kingdom, India, and Canada did. General Motors, Ford, and Volvo Cars are among them.

Nissan’s Uchida told reporters that his company needed to be “prepared and ready [for] how the market will grow further in terms of electrification.”

Uchida emphasized the need for collaboration when it came to charging. “We’re looking at how we can help develop the infrastructure in terms of charging stations, not only with Nissan but also with the Alliance.”

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