“There is no more money in European markets”: Luca de Meo predicts a 40% increase in electric cars in 2030

According to Luca de Meo, general manager of Renault, the future of the electric car does not seem bright. In an interview with our Flemish colleagues, The Timerelayed by The Pointthe latter speaks at length about the electrical sector.

This 40% increase, according to the general manager of the diamond brand, is because of Europe. He confides that it is responsible, because it overwhelms automobile groups with restrictive measures, which will therefore have to mobilize energy and investments in order to meet these requirements. A quarter of R&D – research and development – ​​will be devoted in the next five years to complying with the constraints of obstacles due to excessive regulations.

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Insufficient equipment

He also explains that the charging infrastructure for electric cars is insufficient. It should be six to seven times faster. It also details the fact that there is “more money on European markets to finance the automobile”. The various regulations coming from the EU are not oriented towards businesses and supporting the economy, thus discouraging possible investors, according to him.

Luca de Meo, also reveals that the Chinese “are at least ten years ahead and hold, with raw materials, almost complete power over batteries”allowing them to sell them at their production cost to their national manufacturers, and at full price to foreigners.