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Nissan aims to cut cost of making electric cars by nearly a third by 2030

25th March 2024

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Nissan has announced that, in the face of intense Chinese competition, they are going to reduce the cost of manufacturing electric cars by 30%. They think that greater concentration on EVs, battery innovation, modular manufacturing and bulk-buying of parts - all benefiting from economies of scale - will give them greater price competitiveness. All great applied micro!

Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030. https://t.co/6ILTIpTkVJ
— CNBC International (@CNBCi) March 25, 2024

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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Nissan aims to cut cost of making electric cars by nearly a third by 2030

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Nissan aims to cut cost of making electric cars by nearly a third by 2030

Graham Watson

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