Japanese automaker Nissan is revving up its electrification shift and slashing costs by using the same components across models and reducing use of expensive rare materials.
FILE - This is a 2020 Nissan Leaf on display at the 2020 Pittsburgh International Auto Show Thursday, Feb.13, 2020 in Pittsburgh. Nissan is speeding up its shift toward electric vehicles, especially in Europe where emissions regulations are most stringent, the company said Monday, Feb. 27, 2023.–
As the move toward ecological models gains momentum around the world, driven by worries over climate change, Nissan has been eager to showcase its prowess. Compared to the first-generation vehicle the Leaf, rare materials account for 25% of the weight of the 2019 Nissan Note EV. Nissan aims to make that 1% or less.
The cheapest EVs like the Leaf now sell for under $30,000, although small internal-combustion engine cars are cheaper, at about $21,000 for the Nissan Sentra in the U.S.But EVs are usually eligible for tax credits and other incentives. High gasoline prices might make EVs a smart buy in the long run, although much depends on the owner’s driving habits.
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