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Nissan Cuts Leaf Price in Japan to Boost Sales in Biggest Market

Nissan Motor Co. (7201), Japan’s second- biggest carmaker, said it is cutting the price of the all- electric Leaf hatchback in the country to boost sales in the model’s largest market.

Nissan will trim the current G, X and S grades of the car by 280,000 yen ($3,165) starting in April, following price cuts in the U.S. earlier this month, according to a statement by the company today.

Nissan Chief Executive Officer Carlos Ghosn has estimated electric vehicles would account for at least 10 percent of global auto sales by 2020, a view not shared by other large carmakers. The push by carmakers including Nissan and General Motors Co. (GM) to spur market for rechargeable vehicles has been hampered by the higher costs of such models and the need for more recharging stations.
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