As per ESG Today, the announcement follows Nissan' 2021 commitment to invest 36 billion USD over five years in order to build the innovative technology for its upcoming EV lineup.

Makoto Uchida, Nissan President and CEO, said that "EVs powered by renewables are key to us achieving carbon neutrality, which is central to our Ambition 2030 vision. Nissan will make the switch to full electric by 2030 in Europe – we believe it is the right thing to do for our business, our customers and for the planet."

With its EV-only target by 2030, Nissan would be five years ahead of EU's own objective for clean, electrified personal transport. By fiscal year 2028, Nissan also plans to offer EVs packing all-solid-state batteries, which should allow the company to reduce the price for each battery pack to 75 USD per kWh.

Also, to lower production costs for EV cells, Nissan engineers will work on developing cobalt-free batteries by the same fiscal year, further reducing costs by 65%.