Lease the Battery, Not the Car

Japanese car manufacturer Nissan has a unique vision for the future of electric automobiles. Carlos Tavares, Nissan’s VP for product planning and development is betting that people will buy cars, but lease batteries. The thinking behind this is that battery technology and storage capacity will inevitable get better over time, and owners will need to upgrade batteries accordingly. Makes sense - much better to get a new battery than a whole new car. Nissan’s recently unveiled the Nuvo, a 3 seat, battery-only vehicle.

[via Electro Plankton]