Mark Hinchliffe

Contributing Journalist

2 min read

And it seems they’ll have to do the same for the other of the first generation of mass-market electric vehicles being rolled out, the Mitsubishi iMiEV. Mitsubishi announced this month that its iMiEV plug-in electric car arriving in July will only be available on a lease basis. Now Nissan says it will do the same when its Leaf EV arrives in 2012.

Nissan Australia CEO Dan Thompson says leasing a package that includes a charging system installed in the home would be "the most favourable option".

"The problem is customer's range anxiety," he says, pointing out that motorists will need a dedicated charging system in their home to satisfy concerns about the limited 160km range of the vehicle. It will be important to package the whole thing with charging hardware for the home. (The lease arrangement) will most likely be offered exclusively through Nissan's finance company."

The vehicle goes on sale in Japan and the US in December with US buyers able to choose between a lease package and an outright purchase.

"Over the next six months we will be ale to see the data about what has worked in the US," Thompson says. "This is a 100 per cent new business model for us. We won't know the answers until we see the rollout overseas."

The vehicle will cost about $42,000 after the US government's $7500 cashback subsidy. Nissan chief operating officer Toshiyuki Shiga says the Japanese government is offering a cash subsidy of half the price differential over a conventionally powered car of the same size. In Japan, the Leaf price is about $48,000 and the government subsidy is $9800.

"After 2012 we will expand production overseas and the costs will come down," Shiga says. "Over the next six years the cost of gasoline powered cars and EV will be about the same. In the beginning it will be difficult to sell because of the cost, but when the cost comes down the government incentives will go."

Thomson says Nissan Australian is about 'a year away' from settling on prices.

Mark Hinchliffe

Contributing Journalist

Mark Hinchliffe is a former CarsGuide contributor and News Limited journalist, where he used his automotive expertise to specialise in motorcycle news and reviews.
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