Wall Street Daily

Nissan’s New Electric Car Plan

They already make the world’s first mass-produced electric vehicle. Now, Nissan has another environmental plan.

The carmaker wants to expand the global market for electric vehicles, cut CO2 emissions and invest more in environmental technologies.

Carlos Ghosn, Nissan’s CEO, had this to say:

“We are also focused on developing lighter materials and optimizing vehicles. For example, we are developing the world’s first ultra-high dense strength steel and we will adopt it in our vehicles in 2013.”

With its partner, Renault, Nissan hopes to produce 1.5 million electric vehicles by 2016.

It also plans to raise the ratio of recycled material in each car to 25% and boost battery capacity to half a million units a year.

“Our track record demonstrates these plans are driven by clear and challenging operational objectives that we are able to consistently achieve.”

The targets are ambitious, but Nissan says it will achieve them while also securing an 8% global marketshare.

Bottom line: Carmaker Nissan has unveiled plans to sell more electric vehicles, cut CO2 emissions and develop environmental technologies.