Nissan is planning to reduce the cost of its electric vehicles (EVs) and hybrids.

The automaker aims to bring prices at par with petrol cars by 2026.

Company's new strategy is called the "Nissan Ambition 2030".

Nissan plans to achieve carbon neutrality across its operations and the lifecycle of its products.

Nissan is also looking to accelerate the adoption of EVs and hybrids globally.

The automaker is developing solid-state batteries for its EVs.

These batteries are expected to offer better energy density and faster charging times.

Nissan has set a target to sell 1 million electrified vehicles by the end of FY23.

The company has already sold more than 500,000 electrified vehicles globally.

Nissan's electric vehicle range includes the Leaf, Ariya, and e-NV200.

Nissan plans to launch 23 new models in the next 5 years, including 15 electric vehicles.