Nissan may reach its electric car sales target before 2020

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Nissan and its French partner Renault could be on track for selling 1.5 million electric vehicles before 2020, according to the company’s latest estimates.

The two companies have currently sold around a tenth of that number since each firm released its first electric cars a few years back. But as the Wall Street Journal reports, increasing pressure to meet tougher emissions standards could work in Renault-Nissan’s favor.

Both companies have revised electric car sales estimates in the past, as each of Renault’s electric vehicles and the high-profile Nissan Leaf have struggled to meet early sales targets. Initially, Renault-Nissan chief Carlos Ghosn predicted the companies would sell a combined 1.5 million electric cars as early as 2016.

This was revised recently when it became clear sales would fall well short of Ghosn’s targets by this date, and the target was pushed back by four years.

So far, Nissan’s electric flagship, the Leaf, has sold over 100,000 units worldwide, becoming the world’s best-selling electric car.

Recent revisions that increased range and reduced the price saw a spike in sales, with the car now selling in steady numbers each month.

 



Source: Venturebeat - Read the original article here

Author: Daily Tech Whip

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