Renault is rethinking EV plans as forecast failed to come true

Article by Andrew Christian, on May 30, 2014

Renault has ambitious electric vehicle plans, but is now rethinking them as its forecast failed to live up with the current trend in the auto market, Chief Performance Officer Jerome Stoll told Automotive News. He remarked that people are not feeling the need to have an EV for their full daily use.

Stoll confirmed to Automotive News that the carmaker would introduce an electric version of its new Twingo minicar, although the EV project has been "put on hold." Renault is currently collaborating with Daimler to develop the Smart ForFour four-seat vehicle, which will also be offered in an EV version.

A Renault spokesman told Automotive News Europe that the French carmaker is not bound to develop an electric version of the Twingo since it is already offering a full lineup of EVs like the Zoe subcompact, Fluence sedan, Kangoo delivery van and Twizy quadricycle.

Renault and alliance partner Nissan is investing EUR4 billion ($5.46 billion) in the medium term for EV projects. Renault-Nissan chief executive Carlos Ghosn remarked in 2013 that the alliance will fail to hit a 2016 target to sell 1.5 million EVs annually.

In fact, Renault only sold 19,093 EVs last in 2013, a small fraction of 2.63 million cars and light commercial vehicles sold in the year.

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