Monday, November 11, 2013

Mitsubishi wants 20% of its new cars to be plug-ins by 2020



Consider plug-in vehicles the yin to Mitsubishi's SUV yang. The Japanese automaker this week put out its business plan for the three fiscal years ended 2016, and the two major components were SUVs and plug-in vehicles. Specifically, the company aims to have 20 percent of its new vehicles be either all-electric or plug-in hybrids by 2020 as a way to meet steadily increasing emissions-limits regulations in regions such as Europe and the US. Of course, those plug-ins are all the more important for Mitsubishi because the company also says it considers pickups, SUVs and crossovers as "strategic products," meaning that the automaker wants to use them to pull market share.

Whether Mitsubishi can approach that decade-end goal is anyone's guess, but the company, which sells its battery-electric i (known overseas as the i-MiEV) in limited numbers in the US, appears to be headed in that direction. Mitsubishi earlier this week announced a collaboration with the Renault-Nissan Alliance to co-develop an electric vehicle based on the tiny "kei car" platform. The companies, which are also working together on a couple of sedans, said the EV will be sold worldwide, though few details were disclosed.

Mitsubishi late last month began sales of its Outlander Plug-in Hybrid in Europe, and has reportedly received advance orders for 10,000 units. The company plans to debut that model in the US next year. Check out Mitsubishi's business-plan press release below.
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News Source: Mitsubishi

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