low-cost Electric

Renault to launch low-cost Electric car for Europe

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The electric-powered cute small car battle is getting serious now. French multinational automobile manufacturer is focused on low-cost Electric car. Renault is serious about EV market. Renault is working on an electric vehicle that would sell in Europe for no more than 10,000 Euros ($11,000).

The EV could go on sale within the next five years.

Short-term rental programs offered a ready market for a very affordable EV.

Next year Renault will start China sales of the K-ZE, an electric version of the Kwid micro car for non-European markets.

low-cost Electric Prices for that model have not been announced but Renault officials said this spring that it would be competitive with similar domestic Chinese models, which sell for less than 10,000 Euros. Renault has not ruled out bringing the K-ZE to Europe, if it is a success in China.

The next wave of full-electric Renaults is not expected before 2022, when several models will be introduced on a dedicated platform developed with alliance partner Nissan.

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