Nissan plans 15 new EV models by 2030; invests $17.5 billion

Nissan is also said to be aiming at achieving full carbon neutrality across the lifecycle of its products by 2050.

Nissan has announced that it will be investing close to US$ 17.5 billion over the next five years, in a bid to ramp up the electrification of its global product lineup. The company aims to have 50% of its sales by 2030, come from its electric and hybrid vehicles.

In a bid to reach this goal, Nissan has announced the launch of 23 new models, 15 of which will be pure-electric offerings. Currently, the electric vehicles in Nissan's lineup contribute to only 10 per cent of its global sales.

Apart from the 2030 timeline, the company is also said to be aiming at achieving full carbon neutrality across the lifecycle of its products by 2050. The move by Nissan to step up its electrification process is in line with most other major carmakers who have also announced similar plans to shift to a complete EV lineup.

Source: Reuters