Nissan Motor Co. President Carlos Ghosn said the Japanese automaker is aiming for an annual production of 500,000 units of electric vehicles together with its alliance partner, Renault SA of France.
Speaking in an interview with Japanese media at Nissan's headquarters in Yokohama Thursday, Ghosn said the mass production would enable cost-cutting and lead to price reductions, thus allowing the company to remain competitive even after the expiry of the government's incentives for fuel-efficient cars this year.
"Our intention is for maybe two years (to) have government incentives and then when we reach a reasonable scale level that we consider at the level of the alliance of about 500,000 cars a year, we will have the base to cut costs significantly in order for the consumer not to need any more the support from the government," Ghosn said.