Automaker set to introduce affordable, all-electric vehicle by 2010 By Hannah Elliott
Forbes
updated 1:07 p.m. MT, Fri., Sept. 19, 2008
Nissan is testing a new electric motor powered by lithium-ion batteries in this boxy small car called the Cube.
Hybrids are yesterday's news by Nissan's standards.
Although the Japanese automaker does plan to embrace hybrid technology, it's banking on plug-in electric vehicles as the next big thing.
Nissan recently announced it will introduce an affordable, all-electric vehicle by 2010 that will roll out globally by 2012. Its success depends largely on battery technology still under development, as well as convincing consumers that most of their daily driving needs can be met by small electric vehicles that can't drive as far or as fast as gas-powered cars.
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