Renault CEO Luca de Meo said the uptake of the new Megane E-Tech compact electric car shows the automaker is on the right track with its turnaround at a time of increased challenges for the automotive industry.
Renault sold 25,000 Megane E-Tech vehicles in three months, de Meo told Le Journal du Dimanche in an interview published in its Sunday edition. Total new car registrations have fallen this year in France.
"The democratization of the electric car will take place in Europe and involves products at affordable prices," de Meo told the newspaper. Still, costs are rising for materials needed for EV batteries and that means the "equation is hard," he said.
The Megane E-Tech model, which is being widely advertised in French media, was the country’s best-selling EV in July, according to data by Avere-France.