Mitsubishi Motors Corp. has announced that it aims to increase its passenger car sales for electric vehicles, which include electric and hybrid cars, to 50% worldwide by fiscal 2030.
Mitsubishi made the decision in response to changing environmental regulations in Europe, the United States and other countries.
The company plans to reduce carbon dioxide emissions per vehicle by 40% in fiscal 2030 in comparison to fiscal 2010.
The carmaker previously planned to increase the sales of electric vehicles to 20% by fiscal 2020 by boosting the production and sales of such vehicles in Southeast Asia and other regions.
Other carmakers have also set sales targets for electric vehicles. Toyota Motor Corp. plans to sell more than 5.5 million electric vehicles in 2030, of which more than 1 million cars are expected to be EVs and fuel cell vehicles.
Honda Motor Co. is also aiming for two-thirds of its global sales to be electric vehicles by 2030.
As more countries are creating stricter environmental regulations, Mitsubishi Motors Corp. announced its plans to change with the times.
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