Nissan lays out $17.6 billion plan to electrify its future

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Nissan is the latest automaker to announce a plan to spend gobs of money on an ambitious electrification strategy. The company said it will spend 2 trillion yen (around $17.6 billion) over the next five years to accelerate the roll-out of electric vehicles. And to emphasize that point, Nissan unveiled a pack of delightful EV concepts, including an adorable pickup truck, an outdoorsy SUV, and a sleek sports car.

It’s an impressive commitment, but Nissan notably stopped short of making the same promise that other automakers have to phase out the production of gas-powered vehicles. For example, Volvo and General Motors have vowed to become EV-only companies by 2030 and 2040, respectively.

Nissan said it will produce 23 new electrified...

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