Hyperdrive
Renault, Stellantis See EV Sales Bouncing Back on Low Prices
- Citroën CEO Koskas projects ‘tipping point’ on EV demand
- Automakers are showing off affordable electric models in Paris
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Demand for electric vehicles is showing signs of recovering as prices for plug-in models are coming down, according to Stellantis NV and Renault SA.
“We may be getting close to a tipping point” for EV demand, Thierry Koskas, who heads Stellantis’ Citroën brand, told reporters at the Paris auto show on Monday. Renault Chief Executive Officer Luca de Meo cited an event this weekend where EVs made up 35% to 40% of sales.