Renault sets out road map for electric car invasion

French car giant Renault has said half of its models will be electric or hybrid by 2022 and it is investing heavily in “robovehicles” with increasing degrees of autonomy.

Astrategicplanreleasedyesterday aims to boost Renault annual revenues to €70 billion (£62.4bn) by 2022 from some €51bn last year, in part through an effort to double sales outside its traditional markets in Europe – especially Russia and China.

The plans reflect the vision laid out last month by the Renault Nissan Mitsubishi alliance, the world’s leading car-maker by sales. Many of Renault’s new aims depend on saving money through sharing platforms and development with Nissan and Mitsubishi.

Chief executive Carlos Ghosn said Renault is aiming to sell more than five million vehicles annually by 2022, up from 3.2 million last year.

Ghosn wants to position the company as a major player in mass-marketelectricanddriverless cars.

The automotive giant already makes hybrid and electric vehicles such as the Zoe model above