Nissan thinks there's a Large Market for EVs
The CEO of Nissan Motor Company, Carlos Ghosn, is spending large amounts of money to make electric vehicles become a reality. On August 2nd, Ghosn will unveil first of three electric vehicles to sell by 2013. These electric vehicles will be released in the United States, Japan and in Europe. Ghosn believes Nissan is the only car company that is investing for EV mass marketing, which is risky, but could have a very huge reward if the electric vehicle works out. A $1.6 billion low-interest loan from the U.S. government will cover some of the costs, many people have questioned this large loan.