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List Grows as More Automakers Plan to Go Electric

Renault wants hybrids, EVs to generate half its sales by 2022.

by on Oct.06, 2017

Renault now plans to have electric vehicles comprise 50% of its sales by 2022.

French automaker Renault, a pioneer in the drive to electrify, now wants hybrids, plug-ins and pure battery-electric vehicles to account for half of its global sales by 2022.

The carmaker is echoing the strategy of its Japanese alliance partner Nissan, which also sees a future increasingly dependent upon electric propulsion systems like the one used in its Leaf model, the world’s best-selling all-electric automobile. More broadly, some of the industry’s largest manufacturers, including General Motors and Volkswagen, as well as smaller and niche players such as Volvo, Mercedes-Benz and even Aston Martin, have in recent weeks announced similar plans to shift to electric propulsion.

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“We are confident we can turn upcoming … challenges into significant business opportunities,” said Carlos Ghosn, CEO of Renault, who also serves as chief executive of the Renault-Nissan Alliance. (more…)