Nissan aims to make hybrid cars more affordable by 2026.Here is how

Nissan said it would use the same auto parts in its models to create a smaller and lighter electric powertrain, the assembly that drives the vehicle, than what is used today. This will help the automaker reduce development and production costs by 30 percent over three years compared to 2019.

Also read: Elon Musk reveals key info about the next generation of Tesla’s small electric car

In addition to this, Nissan is also promising to use solid-state batteries that are cheaper than the materials currently used, such as nickel and cobalt. These solid-state batteries, which use cheaper materials, will be used in Nissan’s future electric vehicles. Nissan Senior Vice President Toshihiro Hirai reportedly said the materials used in batteries are currently expensive, leading to higher costs for EV batteries. “Materials that do not use such expensive precious metals are being developed, which will be a major factor in reducing costs,” Hirai said.

Interestingly, Nissan isn’t the only automaker exploring how to make EVs affordable. Several other global auto giants have been trying different approaches to achieve similar goals, such as reducing the cost of electric powertrains, which have not yet reached the cost parity with those used in conventional fossil fuel-powered vehicles. Hirai also reportedly said Nissan would equip its subcompact and mid-size cars with streamlined powertrains from 2024 or 2025. The automaker claims that this strategy of introducing a smaller, lighter powertrain will improve the vehicle’s performance by making it more stable on different terrains. .

First published date: March 9, 2023 at 14:35 PM CST