- French carmaker Renault ADR's RNLSY electric and hybrid vehicle sales in 2022 have almost doubled as a percentage of the brand's European sales.
- The automaker assured that it is well equipped to shift to electric vehicles (EVs) by 2030, Reuters reported, citing Fabrice Cambolive, the brand's chief operating officer.
- In 2021, Renault's EVs constituted 25% of its European sales and around a third in the first half of 2022.
- "In Europe, we will be at 40% this year," said Fabrice Cambolive.
- Also Read: Renault, Nissan Confirm Discussion About Future Of Alliance
- The company will put out a plan to create a unit focused on electrification and software at its investor day in November.
- The recent surge in inflation has led to a fall in new vehicle orders.
- "For several months, we have observed a drop in orders on a European scale of around 20%", Cambolive added.
- Also See: Nissan Sells Russian Assets To State
- Price Action: RNLSY shares closed lower by 2.33% at $5.88 on Friday.
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