Ford of Europe, Volvo, Jaguar and Bentley are among the automakers who have publicly committed to zero-emissions lineups, but Renault CEO Luca de Meo says he sees no need to do that yet, because regulations will effectively require such a move in the next decade anyway.
Renault Group's announced model plans include more than 10 full-electric vehicles out of 24 new models by 2025. For the Renault brand, 50 percent of launches by that year will be full electric.
De Meo's Renaulution strategy does not formally go beyond 2025, with the most important task to return the group to profitability and positive cash flow after losing a record 8.08 billion euros last year.
But rather than impose a rigid cutoff date for internal combustion, he says he wants Renault to be the "greenest brand" in Europe by 2025, with a mix of at least 30 percent electric vehicles and the rest full-hybrid or plug-in hybrid.
Renault is also not facing the pressure of some brands to meet emissions targets. De Meo said during the group's annual results presentation on Feb. 19 that he expects to comfortably clear the 2020-21 EU fleet standards after record sales of the Zoe small EV and a strong mix of new hybrids and plug-in hybrids on the Renault brand's most popular models, the Clio and Captur.
The EU has three key emissions regulations that will decide the fate of the internal combustion powertrain: Greenhouse gas standards in 2025 and 2030 that are likely to halve the current average of 95 grams per km of CO2, and the Euro 7 standard that will further reduce levels of pollutants such as fine particulates, hydrocarbons and carbon monoxide.
European Union officials are completing an impact assessment analysis for Euro 7, with proposed legislation expected in the second half of this year.
"Basically, Euro 7 means the death of the traditional combustion engine without electrification," de Meo said. "Because of E-Tech and because of our electric vehicle experience, platforms and technology, Renault is extremely well positioned."