European carmakers are planning dozens of affordable electric models next year as they brace for an “EV winter” driven by tough new EU carbon emission targets and fierce competition from China.
Ahead of this week’s Paris Motor Show, the big European manufacturers, who have also been squeezed by falling demand, are focused on recovering lost market share with new vehicles.
“We are here to fight,” said Renault chief executive Luca de Meo earlier this month as he unveiled a battery recycling project and plans to support the company’s EV business. “We have challenges everywhere. It’s not a walk in the park but we see a lot of potential.”
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