Nissan Aims To Slash EV Costs to Gasoline-Car Level by 2030

Nissan Motor will look to slash the cost of its next-generation electric vehicles by 30% to reach cost parity between its EVs and conventional gasoline models by fiscal year 2030, the Japanese car-manufacturing giant said on Monday in a new business plan. Nissan, which was an early adopter of EV technology and has been making the Nissan LEAF, a battery-electric powered compact car, since 2010, has been feeling intense competition from a crowded market in recent years, including from cheap models from China. In the new business plan, dubbed…