Renault CEO's hybrid tech investment fuels 55% surge in hybrid sales amid electric competition.

Renault CEO Luca de Meo's investment in low-cost hybrid technology is helping the company compete in Europe's growing hybrid market, as rivals face electric mobility challenges. The Renault hybrid Clio is priced 400 euros lower than competitors like the Toyota Yaris. Over the past year, Renault's hybrid sales surged by 55%. However, to meet upcoming CO2 regulations, Renault must increase electric vehicle sales from 12% to nearly 20%.

October 14, 2024
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