Nissan Halts $500 Million US Electric Vehicle Plant Plans
Nissan abandons plans for US EV plant
Engadget
Image: Engadget
Nissan has abandoned its $500 million plan to produce electric vehicles at its Canton assembly plant in Mississippi, shifting focus to gasoline and hybrid models. This decision follows a decline in US EV sales and changes in market conditions, impacting its earlier goals set under the 'Ambition 2030' initiative.
- 01Nissan has scrapped plans for a $500 million electric vehicle plant in Canton, Mississippi.
- 02The company will focus on producing gasoline and hybrid vehicles instead.
- 03This change aligns with current market conditions and customer demand.
- 04Nissan's earlier goal was to sell 200,000 EVs in the US by 2028.
- 05Other US automakers are also scaling back their EV programs amid similar challenges.
Advertisement
In-Article Ad
Nissan has officially abandoned its $500 million plan to establish an electric vehicle (EV) production line at its Canton assembly plant in Mississippi. The decision comes as the company shifts its focus back to conventional gasoline and hybrid vehicles due to declining EV sales in the US and changes in market conditions. Originally, under its 'Ambition 2030' initiative announced in 2021, Nissan aimed to retool the Canton facility to manufacture EVs and batteries, with a target of selling 200,000 EVs in the US by 2028. However, the elimination of the $7,500 federal tax credit and a lack of consumer interest led to a reevaluation of these plans. The company has already canceled several EV models, including the Ariya electric crossover, and will now produce a new body-on-frame Xterra, along with other models, at the Canton plant. This trend is not isolated, as other US automakers like Ford and GM are also reducing their EV initiatives in favor of hybrid and internal combustion engine (ICE) vehicles. Meanwhile, EV sales continue to rise in regions like Asia and Europe, driven by high gas prices linked to geopolitical tensions.
Advertisement
In-Article Ad
This decision affects local employment and the economic landscape in Canton, Mississippi, where the plant is located.
Advertisement
In-Article Ad
Reader Poll
Do you think automakers should continue investing in electric vehicle production?
Connecting to poll...
More about Nissan
Read the original article
Visit the source for the complete story.



