Renault's EV, Hybrid Rises To 40% Of Its Total Sales In Europe: Report

French carmaker Renault ADR's RNLSY electric and hybrid vehicle sales in 2022 have almost doubled as a percentage of the brand's European sales.
The automaker assured that it is well equipped to shift to electric vehicles (EVs) by 2030, Reuters reported, citing Fabrice Cambolive, the brand's chief operating officer.
In 2021, Renault's EVs constituted 25% of its European sales and around a third in the first half of 2022.
"In Europe, we will be at 40% this year," said Fabrice Cambolive.
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The company will put out a plan to create a unit focused on electrification and software at its investor day in November.
The recent surge in inflation has led to a fall in new vehicle orders.
"For several months, we have observed a drop in orders on a European scale of around 20%", Cambolive added.
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Price Action: RNLSY shares closed lower by 2.33% at $5.88 on Friday.
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