Renault Group futuREady plan ends fully combustion-powered Renault cars in Europe by 2030

The Renault Group has unveiled its new strategic plan, which will bring an end to fully combustion-powered Renault cars in Europe. The plan aims to make the group the continent’s benchmark car manufacturer by 2030.

Fully combustion-powered Renault models will soon disappear from the European market. Although 40% of the brand’s vehicles sold on the continent are still entirely combustion-powered, its new Renault Group strategic plan - which also covers Dacia and Alpine - sets a new direction. By 2030, Renault intends to sell only electrified cars, whether fully electric or hybrid. Beyond Europe, the plan also targets electrified vehicles accounting for 50% of total sales.

The Renault Group’s new strategic plan, called futuREady, naturally follows on from Renaulution, the plan introduced in 2021 by former chief executive Luca de Meo. The group believes Renaulution enabled it to regain its position as one of Europe’s leading car manufacturers. With futuREady, Renault is seeking to become the benchmark manufacturer in the continent’s automotive market. François Provost, CEO of the Renault Group, said: “futuREady, our new strategic plan, is a crucial step for the future of the Renault Group. In an increasingly competitive environment, we can rely on solid foundations: our brands, our products and our financial results”.

Clear objectives for the Renault brand

As part of this strategic plan, Renault is targeting annual sales of 2 million vehicles, with half of those sales generated outside Europe. The brand also intends to launch 12 new products in Europe and 14 internationally. Its plan further includes the “maintenance of hybrid technology in Europe after 2030, its development internationally and an expanded fully electric range through a new platform.”

Across the group, including Dacia, Renault plans to introduce 22 new models in Europe, 16 of which will be electric cars. Financially, the Renault Group expects “solid and resilient” performance, with an operating margin of between 5% and 7% of revenue.