Renault puts brakes on all-electric outlook, will continue making combustion cars, too

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Following similar announcements by the likes of Mercedes-Benz and Toyota, Renault, the French multinational automotive manufacturer, has decided to continue producing combustion cars, too.

 

Renault’s decision to maintain a dual lineup of electric vehicles (EVs) and internal combustion engines (ICEs) is part of a “two-leg” strategy. This approach allows the automaker to adapt to market trends, especially in light of the recent slowdown in EV adoption. Renault’s CEO, Fabrice Cambolive, revealed this strategy at the Geneva International Motor Show, stating that the brand would offer an EV and an ICE (with hybrid tech) in every segment.

 

This move by Renault is seen as a cautious approach towards their EV ambitions. In 2022, group CEO Luca de Meo predicted that Renault’s European lineup would consist solely of EVs by the end of the decade, but added a caveat that it would ultimately depend on market conditions. Now, it appears that Renault is less bullish about its EV outlook.

 

The online community is abuzz with discussions about Renault’s decision, especially considering the company’s previous commitment to sustainable development and decarbonization. This decision has led to a flurry of online discussions, with many speculating about the future of the automotive industry and the role of EVs.

 

As we delve deeper into this topic, one can’t help but wonder: What does this mean for the future of electric vehicles? Is the automotive industry experiencing a shift in its approach towards EVs? We’d love to hear your thoughts on this. Do you think Renault’s decision to continue producing combustion cars is a step back or a strategic move considering the current market conditions?

 

 

Read more:

• https://www.carscoops.com/2024/03/ev-slowdown-renault-puts-faith-in-combustion-cars-for-the-next-decade/
• https://electrek.co/2022/01/14/renault-ceo-vows-to-go-fully-electric-by-2030-contrary-to-statements-from-others-at-the-company/
• https://europe.autonews.com/cars-concepts/renault-expects-ices-evs-best-sold-side-side-decade

 

 

Top image: Renault