Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.

The companies are now accelerating the transition to a low carbon economy by decarbonizing automotive transportation.

The move is following the United Nations Conference on Climate Change (COP21) in Paris at which more than 100 world leaders are working to reach a legally binding agreement on goals to reduce greenhouse gas and other emissions that cause climate change.

Renault-Nissan Alliance CEO Carlos Ghosn wrote on Forbes about the company's commitment to providing cleaner transportation to help achieve global goals to reduce emissions.

Ghosn mentioned that the support of the business community is mandatory to achieve the goals. The countries agreement by themselves will not be enough to accelerating the transition to a low carbon economy.

Carlos Ghosn mentioned the electric vehicles as the practical and affordable way to smooth the transition to a low carbon economy. The electric vehicles are the only zero-emissions vehicles that can be powered with purely renewable energy.

They will reduce the 95 percent of automotive transports that depend on petroleum-based fuels today.

Nissan is the world's leading electric vehicle maker. The Renault-Nissan Alliance has sold more 275,000 units of electric vehicles. The number represents more than half of the EV's total sales worldwide.

In the recent statement according to Green Car Reports, Ghosn said that the company will concentrate on mass-market electric vehicles, rather that luxury models. The company will release the second generation of Nissan LEAF in 2017 or 2018.

The new generation electric cars will likely offer a variety of electric ranges, with the highest approaching 200 miles.

The Renault-Nissan Alliance was an official partner of COP21 in Paris by providing a fleet of 200 all electric vehicles including its Nissan LEAF for shuttle vehicles in the event, according to Automotive World.

Carlos Ghosn said that the company is also working with the governments to expand the charging infrastructure to increase the use of electric vehicles.

He mentioned Norway and the U.S. city of Atlanta as the places that have taken such infrastructure developments that have driven the rapid growth of electric vehicles sales.

The total sales of electric vehicles across the world is expected to reach 700,000 cars by the end of 2016. By 2025, 5.5 million electric vehicles are expected to hit the road with the biggest demand coming from China. It is expected that Europe will be the second biggest market for electric vehicles and the U.S. will be the third.