Renault (EU:RNO) chief executive Francois Provost said on Thursday that he has urged the European Commission to suspend the introduction of new automotive regulations for the next decade in an effort to make smaller vehicles more affordable and improve the competitiveness of Europe’s car industry.
Speaking at the FT Future of the Car conference in London, Provost said European carmakers are being overwhelmed by regulatory demands. “Our engineers are dealing with a tsunami of regulations from Europe,” Provost said.
Renault Pushes for Regulatory Stability to Support Electrification
The Renault CEO explained that a long-term pause in rule changes would allow manufacturers to redirect resources toward reducing vehicle costs and accelerating the shift toward electric mobility.
“Freeze regulations during 10 years, and then we can focus on affordability, we can focus on electrification,” he said.
Provost added that stabilising the regulatory framework could provide broader support for the European automotive industry and help revive market conditions across the region.
“This for sure will help the European market to reboost,” he added.
Leave a Reply