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 Professional BureauBy Autocar Professional Bureau calendar 22 Jul 2024 Views icon2066 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
Apollo Tyres To Cease Production At Enschede Plant Amid Rising Costs And Market Shifts

auther Shahkar Abidi calendar25 Apr 2025

Indian manufacturer plans to wind down the Netherlands operations by summer 2026.

Ather Energy Raises Rs 1,340 Crore from Anchor Investors ahead of IPO

auther Shruti Shiraguppi calendar25 Apr 2025

SBI Mutual Fund schemes picked up around 23.1% of the total shares purchased by anchor investors, while Aditya Birla Sun...

Maruti Suzuki to Equip All Cars with Six Airbags This Year, Says Chairman Bhargava

auther Prerna Lidhoo calendar25 Apr 2025

"From a safety point of view, the government was very keen that six airbags should be in all cars. We will implement thi...