Renault chief executive Luca de Meo has warned against the automotive industry rushing to introduce all-electric lineups, noting it could have undesired consequences in the environment.
While recently speaking at The Financial Times’ Future of the Car Summit in London, de Meo said that the French car manufacturer is committed to electric vehicles but noted EVs have yet to reach price parity with ICE vehicles and may not do so for quite some time given rising raw material costs.
“The first thing I want to say is that Renault is obviously very committed to EVs. We started very early here, and we continue to believe that EV and maybe hydrogen can be a good solution for some applications,” he said. “But if you look at the data, it is apparent that combustion-engine sales – including hybrids – have yet to reach their peak. There are challenges, across societal, financial and ecological perspectives that should be considered.”
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