Renault could cut prices of 4, 5, Twingo if EU's E-Car class approved [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
the European Union's proposed new E-Car category is brought in next month with certain parameters included. The EU's proposal is centred around creating a new class of small affordable electric cars – similar to the framework in place for Japan's kei cars – that are built in Europe for Europe. It claims this would boost EV sales, cement jobs and give the continent's car makers a weapon against the wave of new state-subsidised Chinese-built EVs that are undercutting legacy brands. Renault Group boss François Provost told journalists on Thursday that, as part of the new category's framework, he wants law makers to pause the need to integrate new safety measures for between 10 and 15 years. “If so,” he said, “we can dedicate our engineers to improve [current] cars and decrease the cost, [meaning a] lower price for the customer.” He added: “I don't ask to remove regulation. No, I just ask to have 10 or 15 years without new regulation. Because today, what is planned by Europe is 107
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