The government are to provide grants of up to £5,000 to encourage motorists in the UK to purchase the eco-friendly vehicles.
From next month, drivers who buy the Mitsubishi iMiEV, the Mercedes-Benz smart Fortwo ED or the Peugeot iON are eligible for the grants.
Mitsubishi Electric has announced plans to invest several billion yen to increase production.
In a release, the manufacturer said it will pump 6.5 billion yen into expanding its wafer production capacity for power devices by approximately 2.5 times that of the previous fiscal year.
Developments in low carbon technology will be on the agenda in June after the Manufacturing Advisory Service announced it will be hosting its first national showcase event at MIRA’s internationally renowned testing and design facility in Nuneaton, UK.
Mitsubishi Electric Corporation will invest a total of 7 billion yen by March 2012 in a project to build facilities within the company’s production sites in Japan for experiments designed to establish advanced smart grid technologies.
The project will contribute to the company’s efforts to support the adoption of sustainable power supplies worldwide.
The maker of systems to help factories run more smoothly said on Monday that it expected full-year earnings of $1.55 to $2.25 per share, well below the target of $3.10 to $3.60 set in November.