DALLAS — Nissan's mechanisms for helping consumers afford electric vehicles include the battery itself, Nissan Americas Chairperson Jeremie Papin said last week.
"The battery can have a life outside of the car," Papin told the American Financial Services Association Vehicle Finance Conference here.
It's an asset that can produce revenue long beyond an auto loan term of three to seven years, and work on monetizing a battery for a longer period of time could be drawn upon, he said.
The battery's cost can be perceived as lower because such future revenue could be discounted, he said. This can trickle down to lower monthly payments for the consumer, he said.