The boss of Renault has a very concrete idea to lower the price of electric cars

For Luca de Meo, Big Boss of the Renault Group, there are no 36 ways to drastically reduce the price of electric cars. In his opinion, to reduce this significant price difference between thermal and electric, the only way is to reduce the size of the batteries.

Renault electric car price
Photo credit: Renault Kangoo E-Tech Electric

Slowly but surely, Electric cars are catching on in the French automotive market. In October 2022, sales of electric cars surpassed those of diesel cars elsewhere for the first time.

Note that the French electronics market performed particularly well in 2022 between January and September 2022, a growth of 16% was recorded. Of course, maintaining the eco-bonus of €6,000 from the state also contributed to these good figures. And in 2023 this path should go, between the state project that makes it possible to lease an electric car for 100 euros a month and the increase in the eco-bonus to 7,000 euros for the most modest households.

The price differences between combustion engines and electric cars will not decrease any time soon

Nevertheless and despite these purchase aids Investing in an electric car remains significant. Much more than for a thermal car. According to Luca De Meo, the big boss of the Renault group, the balance has not yet been reached. At least not immediately. This price difference is mainly due to the high cost of the batteries.

According to website BloombergNEF, things are gradually improving. The average price of lithium-ion batteries is gone $140/kWh to $132/kWh between 2020 and 2021. For Luca de Meo, there are no 36 solutions to accelerate the fall in prices of electric cars: offer vehicles with batteries with reduced capacity, such as the future Renault 5 and Renault 4L electric equipped with batteries not exceeding 60 kWh.

Of course, the country’s charging infrastructure must also develop further in order to ensure electricity growth. As a reminder, we’re a long way from the 100,000 charging stations Emmanuel Macron promised for 2021. If we are to believe the latest figures from Avere-France, France currently hosts 71,630 terminals.

As a reminder, Renault recently announced the launch of its own network of charging stations: Mobilize Fast Charge. The diamond brand intends to install no less than 200 charging points in Europe, including 90 in France. The declared goal is clear: Drivers should find a Renault station every 150 kilometers, provided they are near motorway exits and expressways in the country.

Source : Automotive News