Electric Cars Profitable Within 3 Years: Nissan CEO Carlos Ghosn

Electric Cars Profitable Within 3 Years: Nissan CEO Carlos Ghosn

Carlos Ghosn, head of Renault-Nissan, offered a series of very optimistic forecasts regarding electric vehicles during a recent interview with Bloomberg TV, while stating bluntly “There are customers who want really zero emission cars.”

Ghosn predicted that 10 percent of auto sales in the year 2020 will be comprised of zero emissions vehicles, and Nissan seems to be betting heavily on electric vehicles in particular.

With plans to produce 500,000 electric cars by 2012, Ghosn said that profits could be generated within 3 years as the production volumes increase to a level where economies of scale can be taken advantage of.

[Source: Automotive News]