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

  • Pollution-free highways of the future: a reality?
    February 9, 2018
    More collaboration is needed to reduce the impact of highways on the environment, particularly air quality. The technology already exists, argue Bram Miller* and Martin Broderick* The European Environment Agency produced a report showing that a slow improvement in air quality has been observed across Europe. However, 9% of urban Europeans were exposed to nitrogen dioxide emissions in excess of the EU’s annual maximum limit in 2015. Meanwhile, associations between highways and the environment tend to be n
    Read More
  • New drive developments for the market
    November 14, 2016
    In recent years developments in engine technology have played a key role with regard to improved machine performance. Diesel engine makers have had to meet a challenging schedule in terms of delivering new low emission engine technology and meet tough regulatory requirements for the US and Europe. Along with the cleaner emissions have come improved fuel economy and increased power density, allowing customers to meet the power needs of their machines with smaller and more economical engines. At the same time
    Read More
  • Latin America road safety plan proposed
    June 14, 2019
    A new report suggests key strategies to cut road deaths and injuries in Latin America. The report was commissioned by Bloomberg Philanthropies and shows that more than 25,000 Latin American lives could be saved and over 170,000 serious injuries prevented by 2030 if United Nations (UN) vehicle safety regulations were applied by four key countries in the region—Argentina, Chile, Mexico and Brazil. The report was prepared by the UK-based Transport Research Laboratory (TRL). The aim of the study was to estimat
    Read More
  • Wacker Neuson improves Q3 earnings in despite challenges
    November 14, 2016
    Light and compact equipment manufacturer Wacker Neuson Group saw revenue and earnings for the third quarter of 2016 increase relative to 2015. The company said that seen over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings experienced during the first half of the year only partly. Despite adverse market factors, including ongoing crises in many emerging markets and key industries such as the agricultural sector, the oil and gas industry and mining, gro
    Read More

Highlighted Content