Nissan Motor has announced it will invest two trillion yen – the equivalent of around £13.2 billion – to accelerate its electrification plans over the next five years.

The company said that across the next decade it plans to deliver electric vehicles (EVs) and technological innovations while expanding its operations globally.

During this time, the car manufacturer will introduce 23 new electrified models, including 15 new EVs by fiscal year 2030 aiming for an electrification mix of more than 50 per cent globally across the Nissan and INFINITI brands.

The move supports Nissan’s goal to be carbon neutral across the life cycle of its products by fiscal year 2050.

With the introduction of 20 new EV and e-POWER equipped models in the next five years, Nissan intends to increase its electrification sales mix across major markets by fiscal year 2026, including:

• Europe by more than 75 per cent of sales
• Japan by more than 55 per cent of sales
• China by more than 40 per cent of sales
• The United States by 40 per cent of EV sales in fiscal year 2030

“The role of companies to address societal needs is increasingly heightened,” said Makoto Uchida, Nissan chief executive. “With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities.

“We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”

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