Renault CEO Advocates for EU 'Marshall Plan' to Counter Chinese EV Dominance

Luca de Meo calls for subsidies and strategic initiatives to strengthen Europe's electric vehicle sector amid rising competition from China.

Renault CEO Luca de Meo calls for EU subsidies and a 'Marshall Plan' to boost the European electric vehicle industry against Chinese competition.
De Meo suggests the EU adopt strategies similar to China's, including 'green economic zones' and incentives for EV development.
The European automotive sector faces challenges such as high energy costs, stringent regulations, and competition from Chinese EVs.
Renault proposes measures to make EVs more accessible and affordable, including incentives for purchasing EVs and establishing special economic zones.
Europe's automotive industry is crucial for the economy, but faces an 'onslaught' of Chinese electric vehicles, threatening its competitiveness.