Renault accelerates with electric vehicles. The CEO of the French multinational, Luca de Meo, announced at an event held this Wednesday that the car company will invest 10 billion euros in five years to give a clear push to electric cars. Renault’s goal is to reach 2030 with ten different models of electric vehicles.

As explained of Meo in the event, this will allow your modelmore profitable than their combustion counterparts by 2025, placing them at the head of the market. Regarding costs for the consumer, the company expects to reduce the price of batteries by 60% in the next decade, marking a profitability of around 5% until 2025.

“Today we announce a historic acceleration of the Renault group electrical strategy and the ‘made in Europe’ strategy. By building with Renault ElectriCity A compact electrical ecosystem that combines efficiency and high technology in the north of France, as well as a MegaFactory dedicated to electric motors in Normandy, we are creating the conditions for our competitiveness, in our own home “, claimed Luca de Meo.

Disappearance of aid

The manager of Renault It has also put on the table the idea that aid for the purchase of this type of vehicle may disappear in the coming years. “I hope they continue, but we plan that they are gone. If they continue it will be more beneficial for us,” said De Meo, encouraging governments to invest in the initial phases of electric mobility, such as the charging infrastructure that is necessary to democratize the electric car.

From Renault they have taken the opportunity to highlight the importance of the new electric platforms of the alliance that also has Nissan and Mitsubishi for the development of its strategy towards ‘zero emissions’ mobility. Specifically, the project will revolve around two bases, the CMF-EV and the CMF-BEV, each one designed for a segment.

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