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Transportation

Renault: Electric Cars at Point of No Return

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Europe has reached a point of no return in terms of automobile electrification, according to France's Renault. This is primarily because carmakers and drivers are facing "so many constraints" — such as city bans, clean air standards and penalties for buying polluting cars, but also because electric vehicles (EV) are getting "increasingly attractive," says Philippe Brunet, the French carmaker's head of powertrain and EV engineering. He predicts EVs will reach cost parity with internal combustion engine (ICE) powered cars around 2026-28.

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