Nissan will reveal details of its plans to launch an electric car next year, with its chief executive saying the company plans to sell the sportscar in 2020, a year ahead of the 2020 Tokyo Olympics.
Nissan said on Monday it would announce the launch of a new electric vehicle, the Rogue, at the Tokyo Auto Show in 2020.
The vehicle will be the company’s first to offer electric drivetrains with two- and four-wheel drive.
The Japanese carmaker is hoping to tap into a market that has grown rapidly in recent years with consumers seeking a range of fuel-efficient and low-emission vehicles.
In 2016, the U.S. was the world’s biggest importer of electric vehicles.
In 2020, it was the second-largest importer.
Nissan has said it expects to export between 500,000 and 1 million Rogue models by the end of 2020, as the global market for electric vehicles continues to grow.
The announcement of a Rogue could boost Nissan’s chances of securing the 2020 Olympics, a key objective for the Japanese company.
The company, founded in 1936 and based in Osaka, plans to enter the 2020 Games by leasing a Nissan X-Class sports car to athletes, as well as building a new facility for athletes to practice and train.
It has said the project is still in the early stages.
Nissan said it would offer the Rogue in 2020 for a low price of about $28,500.