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

  • Caution not catastrophe in European market, says Volvo CE EMEA sales boss
    July 3, 2012
    There is caution but no catastrophe in the European construction equipment sales market, according to Volvo Construction Equipment (CE) EMEA sales president Tomas Kuta. Speaking at a press conference to launch Volvo CE’s PL3005D pipelayer, and ahead of the in-port race of the Volvo Ocean Race in Lorient, France, Kuta said: “Europe is not a catastrophe. Our Quarter 1 (2012) results were very much driven by Europe, but it’s the outlook that is so uncertain. “We (Volvo CE) have seen good development in the no
    Read More
  • Global bitumen market value to grow
    July 30, 2018
    A new report suggests that the global bitumen market will hit US$110 billion/year by 2024. This new report has been compiled by the market research and strategy consulting firm, Global Market Insights, Inc. The report includes key industry contributions from Chevron Texaco, British Petroleum, Total SA, Indian Oil Corporation, China Petroleum and Chemical Corporation and Shell. It also includes JX Nippon Oil & Energy, NuStar Energy, Petroleos Mexicanos, Villas Austria GmbH, Bouygues SA, Marathon Oil, Exxon M
    Read More
  • Global bitumen market value to grow
    July 13, 2018
    A new report suggests that the global bitumen market will hit US$110 billion/year by 2024. This new report has been compiled by the market research and strategy consulting firm, Global Market Insights, Inc. The report includes key industry contributions from Chevron Texaco, British Petroleum, Total SA, Indian Oil Corporation, China Petroleum and Chemical Corporation and Shell. It also includes JX Nippon Oil & Energy, NuStar Energy, Petroleos Mexicanos, Villas Austria GmbH, Bouygues SA, Marathon Oil, Exxon
    Read More
  • CEA: UK equipment sales show modest growth in 2018
    February 26, 2019
    Retail sales of construction and earthmoving equipment in the UK market grew by 2% in 2018, despite a drop in the last quarter. Prior to the 8% reduction in sales in Q4 (compared with Q4 2017), the trend over the previous two years had been to show steady, but slowing growth each quarter (see graph). Retail sales in the UK market reached nearly 31,000 units, according to the Construction
    Read More

Highlighted Content