• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Nissan

Nissan’s New Electric Vehicle Goal: Sell 1 Million Annually by 2022

By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
March 23, 2018, 11:51 AM ET

Nissan Motor will develop eight new all-battery electric vehicles (EVs) and launch what it calls an “electric car offensive” in China under different brands as part of its new plan to sell one million EVs annually by 2022.

Nissan is even taking its electric ambitions to its luxury Infiniti brand. The company reiterated its previously-stated plans that all new Infiniti models beginning in 2021 will be either fully electric or powered by the company’s “e-Power” gasoline hybrid technology.

And it’s a lofty goal. Japan’s number two automaker sold about 163,000 electric vehicles globally in 2017. It will have to increase sales of EVs more than sixfold to hit the one million sales mark.

The aim is to build off of the company’s sales with the Nissan Leaf—the compact hatchback it launched in 2010—to reach different consumers. For instance, the company’s Chinese products will be led by a new C-segment electric vehicle this year and will be followed up by an affordable EV through a joint venture with the Nissan-Renault Alliance and Dongfeng Motor.

Nissan also plans to introduce a mini electric car in Japan and a crossover electric vehicle inspired by the Nissan IMx Concept that will be sold globally. The concept, shown in the video below, was unveiled last year.

https://www.youtube.com/watch?v=pAtLfDToQBQ&w=560&h=315

Last year, Nissan introduced a revamped version of its Leaf electric vehicle that cost nearly $29,000 and can travel about 150 miles on a single charge.

The company is already offering its Nissan Note and Nissan Serena with the e-Power hybrid technology. And consumers appear to have an appetite for its hybrids. It sold more than 129,000 Note e-Power models in Japan in its first year, with more than two-thirds of Note customers opting for e-Power models versus the baseline model, according to Nissan.

The company said it expects that electrified vehicles, which include its e-Power models, will make up 40% of the company’s sales in Japan and Europe by 2022 and 50% by 2025. In the U.S., the expectation is about 20% to 30% by 2025, while in China it’s 35% to 40%.

By 2025, Infiniti says its electrified vehicles will comprise half of its global sales.

About the Author
By Kirsten Korosec
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.