Nissan Expresses Worries Over Limited Nature Of Electric Car Subsidies

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Nissan Expresses Worries Over Limited Nature Of Electric Car Subsidies
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As Nissan strives to sell the Leaf electric car at an affordable price point, the company is expressing concerns that the current subsidies offered by governments to encourage EV adoption will expire after three years, hurting sales and pushing the cost of electric vehicles back into unattainable territory.

“My assumption is that they won’t be cut off but they might be pared back,” Nissan Vice-President Simon Thomas said. “There’s no obligation for governments to extend those programs beyond the definitive agreement — and in some countries we don’t have a definitive agreement.”

Nissan is struggling to keep the Leaf below 30,000 euros. The car will make its debut in Portugal and the Netherlands this December, because the two countries offer a 5,000 euro credit for electric vehicles.  However, the company said in an interview with the Wall Street Journal that the cars would turn a profit, likely around the third year of production.

[Source: Business Week]

  • Chad

    The time is not NOW for EV cars. The battery tech isn’t up to snuff and prices are far too high to help the people that would actually benefit from this tech: the poor and lower middle class. You know, the average working man that has to commute to work 5 to 7 days a week to barely support his family? THAT is the people that could benefit from eliminating their gas cost. THAT would benefit the environment the most, because it ain’t a few thousand rich people polluting the air, it is the millions of average folk.