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00:02Nissan plans to introduce its e-Power Series Hybrid in the U.S.,
00:06which uses a gas engine as a generator to power electric motors that drive the vehicle, according to CNBC.
00:12It uses a gas engine to generate power for electric motors that drive the vehicle,
00:16operating like an extended-range EV with a smaller battery and no plug.
00:21The system will be featured in a new Rogue SUV later this year.
00:24It debuted in Japan in 2016 and has sold more than 1.6 million units globally.
00:30Officials said the timing may favor Nissan due to rising gas prices,
00:34slower EV adoption, and expected growth in hybrid sales.
00:38S&P Global Mobility expects hybrids to reach 18.4% of new U.S. vehicle sales this year,
00:44up from 12.6% last year and 7.3% in 2023.
00:49It forecasts pure EVs will account for 7.1% of sales, down from 8% last year.
00:55For all things money, visit Benzinga.com.
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