MMC: Electrified vehicles to account for 50% of passenger car sales by FY30
Mitsubishi Motors Corp. has announced that it aims to increase its passenger car sales for electrified vehicles, which include electric and hybrid cars, to 50% worldwide by fiscal 2030.
Mitsubishi Motors made the decision in response to changing environmental regulations in Europe, the United States and other countries.
The company plans to reduce carbon dioxide emissions per vehicle by 40% in fiscal 2030 in comparison to fiscal 2010.
The carmaker previously planned to increase the sales of electrified vehicles to 20% by fiscal 2020 by boosting the production and sales of such vehicles in Southeast Asia and other regions.
Other carmakers have also set sales targets for electrified vehicles. Toyota Motor Corp. plans to sell more than 5.5 million electric vehicles in 2030, of which more than 1 million cars are expected to be EVs and fuel cell vehicles.
Honda Motor Co. is also aiming for two-thirds of its global sales to be electrified vehicles by 2030