Nissan is about to launch budget version of Leaf

The Nissan-Dongfeng -- the joint venture of Dongfeng Nissan Passenger Vehicle Company --will launch a much lower-priced electric car in the very near future. The upcoming car will be approximately 30% less expensive than the existing Nissan Leaf.

7/14/16 5:00 am chumakdenis 1

A significant price drop is coming: the Nissan-Dongfeng -- joint venture of Dongfeng Nissan Passenger Vehicle Company --will launch a much lower-priced electric car in the very near future.

The upcoming car will be approximately 30% less expensive than the existing Nissan Leaf.

Cool, isn’t it?

Well, it’s so, but that’s only for Chinese market.

Here’s more information regarding it

Leaf-killer

The all-new vehicle by Nisan will be produced locally and such key parts as batteries will be supplied from local market –   and now you understand how low price will be kept. Costs on transportation and other things were cut.

The new vehicle will sell for 100,000 yuan (15 grand) to 150,000 yuan (22,600 US dollars) after government subsidies, comparable to the price of a gasoline-fueled car of the same size.

Nissan aims to expand its share in China's electric car market from 2% in 2015 to 5-10% over the next several years through the new, cheaper model.

Government incentives

China is encouraging the public to buy more "new energy vehicles" -- electric cars and plug-in hybrids -- in order to reduce pollution and build new industries.

The central government provides up to 55,000 yuan (8, 300 US dollars) in subsidies for the purchase of an electric vehicle. Including additional incentives from regional governments, total subsidies could reach 110,000 yuan (16,600 USD).

Some 330,000 new energy vehicles were sold in China in 2015, and Beijing aims to lift the total figure to 5 million by 2020.

Electric cars are struggling to gain traction in Japan and the West due to higher prices and the lack of infrastructure, but Nissan CEO Carlos Ghosn thinks a state-led campaign could quickly expand China's electric vehicle market.

When will it be produced?

There’s neither firm launch date nor the name of the vehicle, at this point in time.

The only thing that we know is that the vehicle is bound to be launched this summer.

Well, time will show if it will be so.

Let’s wish Japanese automaker good luck and wait more news from Nissan.