Report: Mitsubishi expects to profit on sales of plug-in vehicles in 2 years

How much money can you make selling a $20,000 electric car? Mitsubishi Motors thinks you can make plenty and, according to Japan's Nikkei business daily, expects its plug-in vehicles to turn a profit in two years. In the U.S., the company's i EV will cost $27,990 (or just $20,490 after the federal tax incentive is factored in). A company like Mitsubishi obviously looks at profit on a global basis, so we hope our lede wasn't too deceptive.

In any case, Mitsubishi's executive vice-president, Hiizu Ichikawa, reportedly told the Nikkei that the Japanese automaker expects to surpass its break-even point of 70,000 units sold annually by the fiscal year ending in March 2014. At that time, Mitsubishi's plug-ins will begin to contribute to the automaker's annual earnings.

Mitsubishi projects that sales of " green vehicles" will hit 25,000 units by the end of 2011, but with the addition of a plug-in hybrid version of its Outlander Sport in 2013, Mitsubishi is getting ready for annual sales of its plug-ins to steadily climb.

[Source: Automotive News – sub. req.]

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