Nissan and Renault CEO Carlos Ghosn sees competitive advantages from his new green plan (Photo: Nissan)

Nissan will develop an all-new front-wheel hybrid as well as a new plug-in hybrid model as part of a six-year environmental plan unveiled Monday.

The Nissan Green Program 2016 (NGP 2016) calls for 70 pc of the carmaker's annual research and advanced engineering budget going to environmental technologies.

With that kind of focus on new mobility, Nissan wants to achieve cumulative sales of 1.5 million zero-emission vehicles across its alliance with partner Renault by 2016; aims to improve average fuel economy by 35 pc compared with its 2005 corporate average; and wants to reduce CO2 emissions by 20 pc for that period as well.

The Japanese carmaker also wants to boost the use of recycled materials in its cars by 25 pc.

Renault and Nissan CEO Carlos Ghosn said the plan reflected changing customer demands and commercial considerations. "Nissan wants to be part of the solution toward a sustainable society - for the sake of the planet and as a significant competitive advantage and a strategic differentiator in the global manufacturing sector," he said in a press release.

As part of the plan, Nissan also wants to introduce a next-generation continuously variable transmission (CVT). Its goal is to achieve 20 million units of cumulative CVT production since it launched the technology in 1992.

Nissan said it plans to introduce four electric vehicles, including the Leaf, which is already on the market. It also aims to have a fuel-cell electric vehicle on the market during the plan period. And it will strive to become a global leader in supplying batteries for electric drives. To achieve that, it wants to boost annual battery capacity to 500,000 units a year.

Please look at the Nissan video below for more details on the company's latest five-year plan: