Renault's Luca de Meo wants leeway regarding timeline for EV transition in Europe: Report

On being asked about Renault's targets of moving 100% of its European car production to EVs against the backdrop of a weak domestic market, he said, "The truth is we are not yet on the right trajectory to achieve 100% electric cars by 2035. If customers don't follow us, we're all responsible. We need to cut costs." 

Autocar Pro News Desk By Autocar Pro News Desk calendar 22 Jul 2024 Views icon1848 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Renault's Luca de Meo wants leeway regarding timeline for EV transition in Europe: Report

Renault's Luca de Meo is doubtful of meeting the deadlines for transitioning to EVs in Europe. The CEO would like to reduce costs if it wants to deliver on its EV goals, he said in comments to publication Les Echos. 

The recent EU elections which coincided with poor electric vehicle demand, have seen increasing voices to do away with the European Union's ban on petrol and diesel car sales by 2035, which is slated to be reviewed in two years, Reuters noted. 

de Meo called for more flexibility in the schedule, saying at the same time that it would be a 'serious strategic error' to cast aside the objective due to the current market slowdown.

On being asked about Renault's targets of moving 100% of its European car production to EVs against the backdrop of a weak domestic market, he said, "The truth is we are not yet on the right trajectory to achieve 100% electric cars by 2035. If customers don't follow us, we're all responsible. We need to cut costs." 

The auto sector has seen several challenges such as the regulatory unpredictability and competition from China, besides the cost of living crisis in home markets, affecting the transition to electric markets, Reuters reported. 


 

RELATED ARTICLES
TVS Motor Company Partners with Gujarat Tourism for Rann Utsav

auther Sarthak Mahajan calendar15 Feb 2025

TVS introduces motorcycle-focused activities at Gujarat's annual desert festival, combining traditional cultural experie...

JK Tyre President of India Operations Steps Down

auther Sarthak Mahajan calendar15 Feb 2025

Anuj Kathuria steps down as President (India) of JK Tyre, with the company confirming his resignation in a regulatory fi...

Mahindra's XEV 9e and BE 6 Electric SUVs Record 30,179 First-Day Bookings

auther Sarthak Mahajan calendar14 Feb 2025

Indian automaker Mahindra's new electric SUV models, the XEV 9e and BE 6, secure bookings worth ₹8,472 crores on opening...