Outside the U.S., Renault Launches Sub-$10,000 EV


This episode of Business Wars daily is brought to you by sent pro online from pitney bowes shipping and mailing from your desk is never been simpler than with sent pro online from Pitney Leabeau's. Try It free for thirty days and get a free ten pound scale when you visit. PBA DOT com slash B W daily they from wondering I'm David Brown and this is business wars daily on this Thursday September twenty six you now now most people I know would like to own an all electric vehicle at the very least they're curious especially this month with gas prices edging upward after the drone attack on two major oilfields oilfields in Saudi Arabia that attack disrupted oil supplies more than any other oil related event in history even the nineteen seventy nine Iranian revolution according to USA Today so it's pretty likely we'll see gas prices continue to rise at least in the short term and even if it is a temporary hike drivers are showing more interest in zero emission transportation but oh the sticker shock the lowest priced electric cars in the US start around thirty thousand dollars a Tesla model three. That's the cheap one starts at thirty five thousand dollars. The luxury model s started about seventy five thousand even if you can get a federal or state tax credit. These prices are out of range for many people and electric vehicles won't get a groundswell globally until prices. Come down way down. What's needed pundits? Say is an electric car for all which is why Renault is getting Kudos for its newest electric vehicle which breaks the price barrier arear. It's an all electric version of the quid and economical car with a reputation for being solidly built the quid. That's K. W. W I D I launched an India for the equivalent of about four thousand dollars this month. Renault introduced the Renault City KS E E in China. It starts at less than sixty two thousand one approximately eight thousand seven hundred. US dollars according to Dr Reporter Edward Neater Meyer the the car has a stated range of about one hundred fifty five miles before you have to recharge the battery most EVT's average one hundred miles or so these days but at least the eight models available in the US can go more than two hundred miles including Tesla's model three at two hundred forty miles still given the Renault city vs very decent range and extremely low price the drives Eric neater Meyer is hailing it as a rugged and reliable vehicle suited for millions of first time I am car buyers in the developing world which he says is exactly what's needed to transform electric vehicles from luxury products for the wealthy here that Tesla Portion Jaguar agw into accessible transportation for everyone and in so doing make true progress toward a world of zero emissions at least on the road Chinese drivers will be able to buy one of the vehicles by the end of the year it or something a lot like it should hit Europe within the next five years. Renault said this month a new European Model EVI will be priced at no more than ten thousand euros or about eleven thousand American dollars or about the US market so far only about about one percent of autos in America are all electric. China and Europe are racing ahead and ev adoption because both regions are raising emission standards to require zero emissions vehicles USA Today reports Renault is currently the number one ev seller in Europe with an electric hatchback called the Zoe but competition for the cheapest subcompact these there is heating up from automakers Opel Peugeot and Volkswagen. VW Launches Subcompact called the ID three next. We're only a few months ago. We told you about the race. Among luxury automakers to develop electric vehicles autos that are fancier faster and longer range than each other her well now. Renault's kicking off race to capture budget minded drivers as well. The big question remains when will this race for affordability reach American from wandering this business wars daily. Have you considered buying electric vehicle apple if so which one tweet us at business force we love hearing from you. I'm David Brown back with you tomorrow. This episode is brought to you by send pro online from Pitney Bowes Shipping and mailing from your desk has never been simpler than with sent pro online from pitney bowes with simple online is just click sand and save for as low as four dollars ninety nine cents. That's right four dollars and ninety nine cents a month. Send envelopes flats and packages right from your. Pc and you are back to business in no time time. Try It for free for thirty days and get a free ten pounds scale but only when you visit P B dot Com Slash V._W. Daily that's P._B. Dot Com slash B W daily.

Coming up next