Carlos Ghosn says the electric cars business may be profitable within 3 years

Article by Christian A., on November 21, 2010

The Renault-Nissan alliance plans to introduce new car models for the alliance's electric cars business to be profitable within three years.

In a recent interview with Bloomberg Television in New York, Renault-Nissan CEO Carlos Ghosn says a lot of customers want zero-emission cars and such segment will grow in time.

Renault SA, Nissan Motor Co., Mitsubishi Motors Corp., Toyota Motor Corp. and other automakers are driven by higher oil prices, pollution, and tighter government emission regulations to develop electric cars.

Ghosn forecasts that, by 2020, battery-powered cars may account for 10 percent global auto sales.

The Renault-Nissan alliance says it will have an annual capacity to produce 500,000 electric cars by 2012. The alliance plans to introduce at least 8 electric vehicles including the Nissan Leaf and the Renault Fluence.

The Leaf will cost about EUR30,000 with incentives when it goes on sale in early 2011 in select markets.

Nissan plans to sell about 25,000 units of the $32,780 Leaf in the U.S. during the model's first year, following its introduction in 2010. [via autonews - sub. required]

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