Nissan CEO: EV adoption in the US progressing faster than expected

Nissan Motor Co. CEO Makoto Uchida acknowledged that the market for electric vehicles is growing faster than anticipated in the United States. He also noted that Nissan will invest $250 million in its powertrain facility in Decherd, Tennessee. The facility will support the electrification of the company’s American lineup.

Uchida did not provide a timeline for the $250 million investment or specify what it will be used for. However, he stated that the investment is part of Nissan’s increased efforts to promote electric vehicle adoption in the United States.

“The world is accommodating EVs much faster than we thought in the past… The electrification ratio in each market will probably grow faster than we thought,” Uchida said in an interview with Automotive News.

Uchida stated that the growing popularity of electric vehicles is actually being driven by an increase in competition and the availability of more electric cars in the market. He also highlighted the role of regulations and government incentives in creating a favorable environment for the adoption of electric cars. Uchida specifically cited tax credits from the Inflation Reduction Act as a factor that could support long-term demand for EVs.

“The IRA is maybe a challenge for us in the short term. But in the future, it will probably make for more penetration of the market by electric vehicles,” Uchida said.

Nissan’s planned investment in Decherd is part of the company’s efforts to establish a US-based EV production hub. The facility currently produces approximately 1.4 million engines annually, as well as the electric motors used for the Nissan Leaf, the company’s ubiquitous electric hatchback. Expectations are high that the new investment would expand the Tennessee plant’s electric motor output.

Inasmuch as Nissan seems serious about its push towards electric cars, the company’s current EV output still leaves much space for improvement. In the fiscal year ended March 31, 2022, only 1.4% of Nissan’s volumes in North America came from battery-electric cars. The company also only has two EVs for the US today, the Nissan Leaf and the Ariya. But while the Leaf has long been a mainstay of the electric vehicle market with sales of 12,025 units in 2022, the Ariya only saw 201 units sold by the end of the year.

The Teslarati team would appreciate hearing from you. If you have any tips, contact me at maria@teslarati.com or via Twitter @Writer_01001101.

Keyword: Nissan CEO: EV adoption in the US progressing faster than expected

CAR'S NEWS RELATED

The Nissan Z At Tokyo Auto Salon

Isn’t it nice when we get a new platform to play with? It doesn’t happen that often, especially when it comes to Japanese automakers, so when a new model enters the sports car fray it’s something to be celebrated. The new Nissan Fairlady/400Z is a welcome arrival, even if it’s been a ...

View more: The Nissan Z At Tokyo Auto Salon

2023 Nissan Pathfinder Rock Creek

If you ever find yourself up a “rock” creek without a paddle, perhaps the best way to navigate your way back to suburbia just might be behind the wheel of this Nissan Pathfinder Rock Creek. It’s outfitted for adventure and looks the part too! An all-new 5th generation Nissan ...

View more: 2023 Nissan Pathfinder Rock Creek

Nissan Unveils 2024 GT-R; Facelift, T-Spec, and R34 Throwbacks

2024 Nissan GT-R T-Spec Nissan has officially debuted the 2024 GT-R performance car at the Tokyo Auto Salon, showing off a front and rear redesign, a returning trim and some throwback paint options. The biggest changes made include the new front and rear fascias, though other improvements include reshaped rear ...

View more: Nissan Unveils 2024 GT-R; Facelift, T-Spec, and R34 Throwbacks

Nissan to reveal electric vehicle concept on February 2

Nissan will reveal an as-yet unspecified concept car on its YouTube channel on February 2 at 12pm AEDT. It says it will “[take] zero emissions mobility to the max” and the placeholder image resembles the previously revealed Max-Out concept, renderings of which were released all the way back in November ...

View more: Nissan to reveal electric vehicle concept on February 2

Electric Nissan Pickup Generating Interest Among Company Dealers

Photo: Nissan Electric pickups currently on sale or about to hit the market are all expensive, full-size models, but some manufacturers are also preparing or at least considering smaller alternatives. Ford, General Motors, Volkswagen and Kia are among them. Heck, you can even add Audi and VinFast to the ...

View more: Electric Nissan Pickup Generating Interest Among Company Dealers

The 2024 Nissan GT-R Arrives With 1 Much-Needed Update, But Is it Enough?

What updates were made on the 2024 Nissan GT-R? The Nissan GT-R Premium trim level makes its return Is it better to buy a used Nissan GT-R? We have all heard the phrase, “If it’s not broken, don’t fix it.” This phrase must have been the ethos that Nissan ...

View more: The 2024 Nissan GT-R Arrives With 1 Much-Needed Update, But Is it Enough?

Nissan's Heritage Collection Is the Greatest Car Museum on the Planet

If you love cars, make it a life goal to visit at least once.

View more: Nissan's Heritage Collection Is the Greatest Car Museum on the Planet

The Top 5 Cheap Cars for 2023 Could Save You Money, Says Cars.com Affordability Report

What are some of the best cheap cars that offer the best value for 2023?  Is Kia Rio being discontinued? What is the difference between a Nissan Versa S and a Nissan Versa SV? Which is better, a Nissan Versa or Sentra? What is a Kia Forte LXS? Is ...

View more: The Top 5 Cheap Cars for 2023 Could Save You Money, Says Cars.com Affordability Report

Owning a Nissan Leaf in Florida Is Way More Expensive Than It Used To Be

The 2023 Nissan Frontier Might Be the Most Reliable Mid-Size Truck

Nissan To Show Max-Out EV Sports Car Concept In The Metal On February 1

Has Nissan Peaked in the United States?

Only 1 Nissan Makes the Top 10 for Best 5-Year Maintenance

1 Outdated Full-Size Truck Desperately Needs a Redesign

2023 Nissan Murano Trims: Here’s How to Choose the Best

What Are the 2023 Nissan Murano Standard Features?

J.D. Power’s Surprise Pick for Best 2022 Midsize SUV

The 2023 Nissan Z Is Getting an Improved, Nostalgic Split-Nose Front Grille

2 Things Edmunds Doesn’t Like About the 2023 Nissan Versa

Is a 2023 Nissan Murano Platinum Worth the Price?

OTHER CAR NEWS

; Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự