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Carlos Ghosn, credited with turning around ailing Nissan a decade ago, said today he’s confident sales of electric cars will account for 10% of the market by 2020. He isn’t worried by naysayers who, he says, are often car makers who simply aren’t prepared to compete in the rising electric segment.
The Nissan and Renault CEO said in a meeting with Wall Street Journal editors and reporters that the two car companies plan to roll out several electric models in the next few years. If anything, he says, that pace may still be too slow because demand for electrics is almost certain to accelerate once consumers see them in action. His biggest worry: that demand for electric vehicles “will take off faster than expected and we will be under capacity.”
So why he so bullish on electric cars when many analysts and industry watchers predict they will account for only about 2% of the market in 10 years? Part of the reason is infrastructure. Ghosn says Nissan is pursuing agreements with governments and businesses to install charging stations in parking garages, shopping areas, office parks and elsewhere so drivers won’t have to worry as much about range, a nagging disadvantage for electrics compared with gasoline-powered cars.
Ghosn also says there are charging systems in development that can cut the time it takes to recharge electric car batteries from hours to minutes. Nissan is focused on the U.S. launch in December of the Leaf, an electric sedan with a range of about 100 miles. Ghosn says the company is in contact with 130,000 “hand raisers” — people who have expressed interest in the Leaf, and 13,000 advance orders for the car. He says these numbers represent individual consumers, not government and corporate fleets."