Davos 2016 – Renault-Nissan CEO Carlos Ghosn Discusses Electric Cars In India & China – Video Interview

2 years ago by Mark Kane 9

Renault-Nissan CEO Carlos Ghosn

Renault-Nissan CEO Carlos Ghosn says electric cars need to be cheaper

Renault-Nissan CEO Carlos Ghosn was asked at 2016 Davos about electric cars in India. He said that EVs are too expensive and the same problems concern China (well, China launched a set of incentives and their sales are surging now).

Ghosn forecasts that prices of electric cars will decrease significantly in the next “couple of years“. Lower prices are required to have any chance of success although.

#Davos2016: India Is Slowly Warming Up To The Electric Cars: Carlos Ghosn

CNBC-TV18’s Menaka Doshi caught up with Renualt and Nissan Carlos Ghosn, who believes that India is slowly warming up to the electric cars. But it will take carmakers at least another couple of years, before they can make them affordable. He’s also willing to concede the fact that Renault’s partnerships in India have not suceeded so far…”

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9 responses to "Davos 2016 – Renault-Nissan CEO Carlos Ghosn Discusses Electric Cars In India & China – Video Interview"

  1. MTN Ranger says:

    The biggest problem for India is their electric infrastructure. They only have 1/5 of the electric generation compared to China even though they have roughly the same population.

    1. sven says:

      No, the biggest problem for India and the world is if India chooses coal power to built out its electric infrastructure, since coal still provides the cheapest electricity when externalities (cost of CO2 climate change, cost of pollution, health costs) are not factored in.

      http://www.wired.com/2015/11/climate-change-in-india?mbid=synd_moz_environment

      The U.S. government is expanding coal mining and exports are predicted to surge to developing Asian countries, especially India and China. The government is currently building the additional infrastructure to handle the surge in coal exports to Asia.

      The U.S. government-owned coal in Wyoming’s Powder River Basin is one of North America’s largest deposits and is high quality coal. It is also very cheap to mine since the 100-foot thich slab of coal is only a couple of feet under prairie ground, and the U.S. government sells mining leases at a very, very low cost to a few giant coal companies.

      “Each [export] shipment [of coal] highlights what critics describe as a hypocrisy underlying U.S. climate policy: While boasting of pollution cuts at home, the United States is facilitating the sale of large quantities of government-owned coal abroad.”

      https://www.washingtonpost.com/world/us-exports-its-greenhouse-gas-emissions–as-coal-profitable-coal/2015/10/08/05711c92-65fc-11e5-bdb6-6861f4521205_story.html

      1. That’s a bit of a one sided view, Sven. Several of the last coal auctions went unbid. As in no bidders. Also, the price for these leases is going up to account for externalities, which means they will be substantially less profitable. Fewer bidders still.

        Coal stocks have been slammed with 90% declines and several prominent bankruptcies.

        Coal is in a death spiral.

      2. Alpha777 says:

        Solar bids are now on par with coal, even in India.
        So, there’s no economic reason to start any new coal plants in India today.

        And those that are not close to completion must evaluate will they be economic to complete. For many the answer is already no.

  2. ffbj says:

    Lack of breathable air is a big incentive. India may soon surpass China in low air quality. Horrific infrastructure problems.
    It’s a real nightmare.

  3. Just_chris says:

    Good to see mention of how ev prices are going to drop dramatically in the next few years.

  4. jmac says:

    There are about 300 million people in India without electricity. Only about 78% of India has access to grid electricity. Consequently, there are about 300 million people with no electricity. Even those that do have electricity may see their power suddenly shut off for hours, even days at a time. In July 2012 there was a nationwide blackout.

    According to the India Times:

    “India’s monthly per capita income, the measure of standard of living, is likely to be at Rs 7,378.17 (USD 118.68) this financial year, up over 10 per cent from last year, after a revision in the method of calculations.” Feb/2015

    With only $118 dollar average monthly salary and an unreliable grid, electric cars in India face some big hurdles.

    In 1994 Chetan Maini, who was a foreign student from India at Stanford at the time started the Reva Electric Car Company. Their G-Wiz model was made by Reva in India and exported to the U.K. It had some small success in Britain even though it was classed as a quadricycle and is probably even smaller than the tiny Smart-for-2.

    But, after struggling for many years and only selling about 4000 copies of the car, the Reva Electric Car Company was finally sold to Mahindra in 2010, who now own a 55% controlling share of the company’s stock. Mahindra has also purchased Pininfarina world famous auto designer and custom coachwork firm for just 28 million U.S. Pininfarina has designed various Ferrari shells over the years but the firm also designed the French electric rent-a-car, the Bollore Blue Car.

    With Pininfarina and Reva on board, Mahindra should be able to breath some life into the Indian electric car. Good luck.

    1. Alpha777 says:

      Because of the poor grid infrastructure, local, community solar comes out a smart bet.