Japan Isn't As Quick To Jump Into Electric Cars As the Rest of the World
Japan's stance would seem to put it on the wrong side of market trends. But with its huge investment in gasoline-electric hybrids, it has big reasons to proceed slowly.
Just over a decade ago, Nissan became the first automaker to offer a mass-produced car that ran on batteries alone. That hatchback, the Leaf, has been a smash hit, at least by electric car standards, with more than 500,000 sold by the end of last year.
But as the trail that Nissan blazed becomes increasingly crowded, Japan’s mighty auto industry is in danger of being left behind. While governments and automakers worldwide are staking out bold pledges to transition to electric-only vehicles, Japanese car companies and regulators are hedging their bets.