Electric cars, barely a ripple in the car business now despite heavy publicity, will make up 10% of the markets where electrics are sold by 2020, says Carlos Ghosn, CEO of Nissan and Renault.
"Am I still bullish on electric vehicles? Yes," Ghosn said at a conference sponsored by consultant IHS and the National Automobile Dealers Association, in connection with the New York auto show. Automakers begin showing new models to the media tomorrow and the show opens to the public Friday.
Nissan makes the Leaf electric, and Ghosn said the company has sold 25,000 worldwide.
He also said that he has halved the number of electrics, to 500,000, the number at which Nissan won't need government incentives to maintain strong sales. Some U.S. electric buyers can get $7,500 credits on their federal taxes.
Nissan is ramping up production of electrics and batteries faster than expected so the cost of pricey batteries and other electric components is falling fast, he said.
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