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EVs seek to regain sales momentum at Paris Motor Show

Thomas Barnes by Thomas Barnes
October 14, 2024
in Business
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French President Emmanuel Macron stands by a new electric Renault R5 E-Tech at the Paris Motor Show. ©AFP

Paris (AFP) – European and Chinese automakers faced off at the Paris Motor Show on Monday as they seek to make electric vehicles affordable for the broader public, amid stalling sales in many countries. The show, which lasts through Sunday, also comes as the European Union is set to begin imposing tariffs as high as 45 percent on imported Chinese electric cars. The EU claims these tariffs are necessary to create a level playing field since Chinese manufacturers receive massive state subsidies.

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With the focus on affordability, there were fewer concept cars on display and more models available or soon to be available to consumers. France’s Renault showcased its R4 and R5 electric cars, which harken back to popular models of yesteryear. The compact R5 has just launched in France, starting at just under 25,000 euros ($27,300), including government incentives. The larger R4 is an SUV-type vehicle with a planned range of 400 kilometers (250 miles) that should also hit the road next year at a price of under 30,000 euros.

Citroen, part of the Stellantis group, introduced the new electric version of its compact C3, which starts at just under 15,000 euros in France, including government incentives. The Chinese manufacturer Leapmotor, associated with Stellantis, is offering the cheapest model on the European market—the subcompact T03, which is being assembled in Poland.

Other Chinese electric and hybrid vehicle manufacturers were present at the show, including BYD, XPeng, Hongqi, and Maxus. Volkswagen, BMW-Mini, and Kia are back at the Paris Motor Show after several years of absence. Tesla made an unexpected appearance with its Cybertruck, while GM’s Cadillac brand made its return to Europe with its imposing electric models.

While the organizers of the Geneva Motor Show threw in the towel due to a lack of public interest, the Paris Motor Show hopes to attract half a million visitors.

© 2024 AFP

Tags: automotive industryelectric vehiclesEuropean Union
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