Electric vehicle rush shifts power in Japan's auto market

Motors, batteries gain momentum as clock ticks on the internal combustion engine

0728N EV charging station

With the U.K. and France phasing out gas-powered cars, get ready to see a lot more electric vehicle charging stations like this one around.

TOKYO -- Japan's producers of electric vehicle parts and materials are turning heads in the market, with advanced technology in the batteries and motors gaining importance as the U.K. follows France in deciding to phase out traditional fossil-fuel engines.

Japanese household name Nissan Motor appeared to welcome Britain's declaration that it would ban sales of vehicles running on fossil fuels by 2040.

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