TOKYO: Nissan Motor Co. said Monday that it will raise its targets for sales of electric and hybrid vehicles in Japan and Europe.

Nissan will now aim for such electrified vehicles to account for 58 pct of its fiscal 2026 vehicle sales in Japan, up from the existing target of 55 pct, and 98 pct in Europe, up from 75 pct.

The automaker now plans to offer 19 electric vehicle models by fiscal 2030, up from the previously planned 15.

Meanwhile, the company will lower the fiscal 2026 electrified vehicle sales target for China, to 35 pct from 40 pct, projecting a slower-than-expected rise in demand in the country.

For the United States, Nissan will aim for 40 pct of its sales to be electric vehicles by fiscal 2030.

The company plans to meet in 2026 or later the electric vehicle requirements for tax incentives under the U.S. inflation reduction law.

The law requires electric vehicles to be produced in North America and effectively limits suppliers of critical minerals for components.

Nissan will newly produce electric vehicle motors at a plant in Tennessee, investing 250 million dollars to raise the local procurement rate.

Nissan Representative Executive Officer Ashwani Gupta told a briefing that the company’s biggest issue is minerals, such as rare metals, and that it is waiting for a related announcement from U.S. authorities in late May.

JIJI Press