Nissan to invest $17.6 billion in EV development over the next five years

Nissan announced its plan to introduce 23 EV models by 2030

Nissan announced its plans to introduce 23 electric vehicle models by 2030, including the 15 EVs. This revised plan is to accelerate electrification further, in response to changes in customer needs and the business environment. The number of models as the customer needs are growing.

Nissan to invest $17.6 billion in EV development over the next five years
Image credits- Tech Crunch

Nissan will increase the number of models to meet the growing needs of customers for exciting and diverse electrified vehicles, introducing 27 new electrified models, including 19 new EVs, by the fiscal year 2030. As a result, the electrification sales mix across the Nissan and INFINITI brands by 2030 is projected to increase to more than 55% globally, up from the previous forecast of 50%. In line with the progress of electrified vehicle penetration, Nissan’s latest forecast for its sales mix of electrified vehicles sold in major markets in the fiscal year 2026 in Europe with 98%, Japan with 58%, China with 35%, and the US with 40%.

This will increase the global sales mix of electrified vehicles from the planned 40% when the vision was announced to more than 44% by the fiscal year 2026. To address rapid market changes in China, in 2024 Nissan plans to launch an EV designed specifically for the market. In Europe, Nissan will continue its robust electrification plans and will also explore stronger collaboration with the Alliance.

Customer experience

Nissan intends to further enhance customer experience through personalized services for long-term engagement. Nissan will boost its Connected Car Service strategy from enriched on-board content to enabling on-demand functions to cater to diversifying customer needs. The company aims to achieve this through Software Defined Vehicles which is already demonstrated by the e-architecture currently installed in Nissan Ariya and will be available in more models in the coming years.