Renault CEO Says Mandating EVs Too Soon Could Hurt The Environment | Carscoops carscoops
While recently speaking at The Financial Times’ Future of the Car Summit in London, de Meo said that the French car manufacturer is committed to electric vehicles but noted EVs have yet to reach price parity with ICE vehicles and may not do so for quite some time given rising raw material costs.
“The first thing I want to say is that Renault is obviously very committed to EVs. We started very early here, and we continue to believe that EV and maybe hydrogen can be a good solution for some applications,” he said. “But if you look at the data, it is apparent that combustion-engine sales – including hybrids – have yet to reach their peak. There are challenges, across societal, financial and ecological perspectives that should be considered.
While Renault does see a future for ICE and hybrid vehicles over the coming years, it is investing heavily in electric vehicles and last September, unveiled the, an all-electric compact crossover based on the same platform as the Nissan Ariya. The vehicle is offered with 40 kWh and 60 kWh battery packs and can be topped up with 248 miles of range in 30 minutes through a 130 kW fast-charger.
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