Over the next five years - if the social and political situation allows - we will reinvest more than ten billion euros to continue investing in electric cars and making cars more affordable, Renault CEO François Provost says in an interview with France Inter.
Renault has already invested 13 billion euros over the past five years to switch to electric power, he says.
Electric cars have become more popular in France due to rising fuel prices. In September, electric cars accounted for 42 percent of new registrations.
Provost says the company produced 500,000 cars in France last year. This year, Renault is expected to produce at least 25 percent more because of the increase in electric cars.
