Electric cars and profitability hardly intersect, let alone run parallel. However, Carlos Ghosn, CEO of the Renault-Nissan-Mitsubishi alliance believes his company is the only one that has perfected the profit side of things, CNBC reported last Friday. His comments come as a quiet swipe at General Motors, which has announced ambitious electric car plans.
The alliance notably sells the Nissan Leaf, Renault Zoe and Mitsubishi Outlander PHEV. Ghosn specifically said, “We are probably the most advanced carmaker in terms of costs of electric cars and we have announced already in 2017 that we are probably the only carmaker who’s starting to make money selling electric cars.”
“We know that there’s a steep curve before you start to make money out of electric cars. I think we are well advanced,” he added.
The Renault-Nissan-Mitsubishi alliance plans for 12 electric cars over the next five years, which will include electric and electrified Infinitis, too.
GM has also vowed to turn a profit on electric cars with a new dedicated architecture coming to its EVs. The automaker plans to introduce 20 electric cars by 2023. Two new electric vehicles will arrive in about 13 months.