Automaker Nissan Motor will sell 500,000 electric vehicles annually by the end of 2013, Renault Nissan CEO Carlos Ghosn told reporters on eve of the market debut of the Nissan Leaf.
Nissan is launching its all-electric Leaf, which has a 100 mile range, in December. It plans to sell 20,000 Leafs in the United States over the next year.
Ghosn predicts that because of strong consumer demand, Nissan will be "capacity constrained" for the Leaf for the next three years.
Nissan and Renault will each have four electric vehicle models by 2013. Nissan also plans to produce 200,000 battery packs annually and 150,000 vehicles in the U.S. alone by 2014 in its Leaf factory in Tennessee.
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