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Europe

Renault CEO advocates ‘Marshall Plan’ for European electric cars

thedailyposting.comBy thedailyposting.comMarch 19, 2024No Comments

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Renault has already made a strong entry into the small electric car segment with the launch of the retro R5 E-Tech model.

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Renault has already made a strong entry into the small electric car segment with the launch of the retro R5 E-Tech model.

French carmaker Renault’s chief executive on Tuesday announced Europe’s “Marshall Plan” to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of competition from China. I asked for it.

Post-World War II US programs have helped rebuild Western European economies, Luca de Meo said, among a series of proposals to start policy debates ahead of European Parliament elections in June. advocated similar efforts.

“Introducing the European Marshall Plan has the potential to accelerate park renewal and significantly reduce carbon emissions.”2 emissions,” he wrote.

He likened this to the EU’s post-coronavirus recovery plan, saying a special European fund could fund incentives to buy new or used electric vehicles (EVs).

Europe aims to phase out sales of conventional internal combustion engine cars by 2035 as part of efforts to achieve carbon neutrality by 2050.

But Mr De Meo said the “onslaught of electric cars from China” would encourage aircraft maker Airbus to develop them, and that Europe’s car sector would be said that it is necessary to formulate an industrial strategy.

In particular, he called for the creation of “green economic zones,” similar to China’s special economic zones, where companies would receive additional subsidies and tax breaks to encourage the rapid development of electric vehicles.

He also called for cooperative efforts to build smaller, more affordable cars in Europe.

“These cars will also significantly improve air quality in cities,” DeMeo said, noting that one in four cities suffers from poor air quality and 39 percent of emissions come from road traffic. He pointed out that it was caused.

Size also matters, both in terms of environmental impact and cost.

“It’s clearly environmental nonsense to drive around every day in an electric car weighing 2.5 tonnes,” DeMeo said.

Small cars, on the other hand, cost 20 to 30 percent less to manufacture, he added.

However, the price of light city cars has more than doubled in the past 20 years, while wage increases have been much slower, so efforts are needed to bring prices down and ensure consumers switch to EVs. Incentives and financing options are also needed to enable this.

He also proposed that Europe’s 200 biggest cities offer free access to zero-emission light cars and vans, while introducing incentives such as paying for other car owners.

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