Nissan Motor Co said on Tuesday that the company needs up to 5 years of support from various governments in the form of subsidies to build a sustainable market for electric vehicles.
Nissan, which is introducing its Leaf all-electric car in December, needs government incentives to trigger volume so it can bring down the cost of the car, said Carlos Tavares, Nissan's executive vice president and head of U.S. operations.
"We will need to be supported three to five years," Tavares said in an interview. "We expect that within that time frame we will have enough volume to generate the appropriate cost reduction which will make these subsidies something that we can live without."
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