Renault to sell EVs priced to match hybrids by 2030 [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
Renault expects to bring electric vehicles to market at the same price point as hybrid models thanks to its new “ futuREady ” business strategy. The plan also hopes to copy China's automotive industry and its ability to achieve a two-year development cycle from drawing board to the showroom for its future vehicles. In a March 11 interview with CNBC's Europe Early Edition broadcast , Renault's CEO, Francois Provost, promised the strategy will enable competitively priced EVs by the end of this decade. “The problem of EV is the price, the autonomy of the battery, not the technology by itself, so it's why we think that we have to continue to push, to target, to provide to our customer electric cars by 2030 at the price of hybrid,” said Provost. “And then the customer can choose between electric cars or full hybrid, where Renault is also very strong,” he added. Renault's chief priority is the speed of developing new models in the future, said Provost. “We did this for the Twingo
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