Overview

• Luca de Meo, CEO of Renault, has called for the creation of an 'Airbus for small electric vehicles' to achieve economies of scale and make compact EVs more affordable.
• De Meo emphasized the need for technology-neutral emissions policies, including support for biofuels and e-fuels, to complement the shift to electric mobility.
• He highlighted Europe's high production costs, 30% above China's, and urged for lower energy costs and streamlined regulations to support the automotive sector.
• The Renault CEO pointed out the ageing European car fleet, with an average age of 12.5 years, and stressed the importance of making new vehicles more accessible to consumers.
• De Meo warned that Europe has a 3–5 year window to respond to China's industrial lead and proposed unified EU strategies to ensure long-term competitiveness.