+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The automaker that sells the most electric cars in the world is rooting for Tesla

Apr 7, 2016, 06:37 IST

Carlos Ghosn, chairman and CEO of Nissan, speaks next to a prototype of the autonomous driving Nissan Leaf at Renault-Nissan Silicon Valley in Sunnyvale, Calif., Thursday, Jan. 7, 2016.AP Photo/Terry Chea

Nissan is rooting for Tesla.

Advertisement

The Japanese car company best-known for the legendary Z-car and the monstrous GT-R supercar also makes the Leaf, an electric 5-door hatchback that gets about 100 miles per charge.

In an interview with Automotive News this week, Nissan CEO Carlos Ghosn applauded the avalanche of Tesla Model 3 preorders that Tesla has tallied so far.

The hundreds of thousands of potential buyers who put down a $1,000 deposit make for some "good competition," Ghosn said.

Globally, Nissan blows away the competition in EV sales. The company and its French partner, Renault, sold 302,000 electric vehicles worldwide in 2015 - 43,700 of those were Nissan Leafs. More than 17,200 Leafs were sold in the US last year.

Advertisement

Ghosn said the Model 3's potential success will help spur further EV development. "The fact that so many people are willing to pay a down payment to get this car is a good sign," Ghosn said. "Competition for EVs is picking up."

For various reasons, automakers at large have waded cautiously into the EV market. Low gas prices in the US have been driving sales of trucks and SUVs - which in turn yield impressive profit margins for car makers. And consumer appetites for those vehicles routinely outpace America's old workhorse, the family sedan - which, by the way, is dead.

Additionally, demand for EVs hasn't quite caught up to the rest of the market. Depite a record 17.5 million new cars and trucks sold in the US last year, plug-in vehicles account for just under 103,000 of that total, according to Autodata.

NOW WATCH: We test-drove the tiny electric car that Nissan thinks will be the future of city driving

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article