Nissan says Mexico is enormous potential market for electric vehicles

Nissan says it sees enormous potential for electric vehicles in Mexico, with its Leaf electric car to be launched commercially during the third quarter of 2013. However, many experts reportedly doubt that it will sell 1,000 units in the country by 2018. The high price of electric vehicles is seen as a potential barrier to their growth in this market. The domestic market for vehicles in Mexico is expected to grow by between 5% and 6% in the next few years, or by about 60,000.
March 19, 2013 Read time: 1 min
2454 Nissan says it sees enormous potential for electric vehicles in Mexico, with its Leaf electric car to be launched commercially during the third quarter of 2013. However, many experts reportedly doubt that it will sell 1,000 units in the country by 2018. The high price of electric vehicles is seen as a potential barrier to their growth in this market. The domestic market for vehicles in Mexico is expected to grow by between 5% and 6% in the next few years, or by about 60,000.

Fuel emissions, oil prices and excessive dependence on oil, are seen by Nissan as a problem, hence why electric cars are part of their perceived future solution. Nissan Leaf models in Mexico are already being tested by taxi firms, some car rental agencies and celebrities.

For more information on companies in this article

Related Content

  • Software innovations benefit construction planning
    February 9, 2012
    Bentley Systems remains bullish with a healthy financial performance and continued investment in research and development, reports Mike Woof. The State Geological Institute of Dionyz Stur in Slovakia won an award in the Bentley Systems Be Inspired event's geotechnical category for an innovative project to log and analyse an area of the country's geology. As a leading player in the construction software sector, Bentley Systems is benefiting from growth in infrastructure investment worldwide. And despite the
    Read More
  • CIFA’s ambitions fuelled by R&D gains
    January 6, 2017
    CIFA managing director Davide Cipolla said the Zoomlion-owned firm has “not reached the limit” of what it can offer customers, thanks to a significant investment in research and development. Cipolla, who is also research and development director of the Zoomlion Group's concrete division, commented on a €2million-a-year R&D investment for CIFA and some Zoomlion products over the last five years saying, “This is the first stage of [product] development.” At bauma 2013, CIFA is introducing an innovative hybrid
    Read More
  • CIFA’s ambitions fuelled by R&D gains
    April 18, 2013
    CIFA managing director Davide Cipolla said the Zoomlion-owned firm has “not reached the limit” of what it can offer customers, thanks to a significant investment in research and development. Cipolla, who is also research and development director of the Zoomlion Group's concrete division, commented on a €2million-a-year R&D investment for CIFA and some Zoomlion products over the last five years saying, “This is the first stage of [product] development.” At bauma 2013, CIFA is introducing an innovative hybrid
    Read More
  • Fayat president is positive for business outlook
    January 6, 2017
    As a major presence in the construction sector, the Fayat Group is well-placed to understand the current market conditions. President Jean-Claude Fayat revealed that the firm does have a strong insight into the state of the international market, as well as some key developments for 2015. With much of its operation based in Europe, the company has been affected by the currency situation.
    Read More

Highlighted Content