The electric car market is “moving faster” than expected, with the arrival of low-cost EVs from China providing a “wake-up call” for traditional car makers, according to Nissan.
This has prompted the Japanese manufacturer to overhaul its development plans and look again at how to ensure that its EVs are affordable.
Speaking at the Japan Mobility Show (the Tokyo motor show), Nissan CEO Makoto Uchida said EVs were coming down “massively” faster than it had predicted even in 2021 and the market had moved faster than it had expected when it set its 2030 plan in that same year.
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