A low-cost $8,000 electric car produced by automaker Renault-Nissan could come within in the next two years, chief executive Carlos Ghosn told CNBC Tuesday. Last week, Ghosn announced the carmaker's plans to launch a cheap electric vehicle in China with a price tag of around $8,000 after subsidies. He did not give a timeline for this during that announcement but has now revealed it could be soon.



"I think our objective is to be on the market within in a couple of years," Ghosn said during an interview moderated by CNBC at the Web Summit technology conference in Lisbon. The Renault-Nissan CEO said that the group's Leaf electric car, which starts at just over $29,000, was too expensive in China and that was why there was a need for a low-cost alternative.

