Nissan, Mitsubishi Motors launch electric minivehicles in Tokyo

On May 20th, Nissan Motor Co. and Mitsubishi Motors Corp. announced the release of an ultra-small electric vehicle that can be as affordable as its gasoline-powered counterparts.

The model, based on Japan's minivehicle standard, will be available in Tokyo for under 1.5 million yen $11,719, after the central government's 450,000 yen and 550,000 yen subsidies for electric vehicles are applied.

Nearly 40 percent of the new vehicle sales in Japan are made by minivehicles with engine displacements of 660 cc or less. They are mostly used over short distances, such as shopping or commuting.

Consumers prefer minivehicles because of their low prices.

The high prices of onboard batteries has been a major challenge to the development of their electric versions, according to industry officials.

Most of the electric cars sold in Japan are larger models.

The vehicle was developed by the two automakers, which kept its price low by limiting its driving range to 180 kilometers on a full charge.

According to Nissan, many mini-vehicle drivers use it for 30 km or less a day.

A company official said the 180 km range is sufficient for daily use.

Nissan will sell the vehicle as the Sakura, whose least expensive model will sell for about 2.33 million yen, including the consumption tax.

Mitsubishi will mark it as the eK XEV with a starting price of 2.39 million yen.

The amount of subsidies for electric vehicles is dependent on region.

In 2025, Suzuki Motor Corp. and Daihatsu Motor Co. plan to introduce electric minivehicles in the minivehicle market.