Renault CEO questions EU's EV timeline, citing cost and market challenges.

From Investing.com: 2024-07-22 01:50:55

Renault’s CEO expresses doubts about Europe’s electric vehicle timeline, citing the need to reduce costs. Transition to EVs crucial for reducing global carbon emissions. Calls to review EU’s 2035 ban on diesel and petrol cars amid weak demand. Global EV sales up 35% in 2023 but fell in 2024. Renault aims to shift 100% production to EVs, facing challenges due to market slowdown and cost issues. EU car sales up in June, but battery electric car registrations dropped slightly.



Read more at Investing.com: Renault CEO calls for flexibility in European EV transition timeline By Reuters