Renault Bringing Game-Changing €10,000 Budget EV To Europe Within Five Years

Renault finally has an answer to a question its executives have had to deal with a lot lately: when will it offer a budget electric vehicle in Europe?

According to Renault CEO Thierry Bolloré, the long-awaited affordable EV could go on sale within the next five years with a shocking sticker price of €10,000 (approximately $11,000). He said that the automaker is capable of delivering a low-cost electric vehicle to Europeans given the decade of experience building EVs such as the Zoe supermini.

“Not everyone can afford the price of the electric vehicles on the market today. Everyone’s working on high-end cars, but the key element is that we need to have accessible electric mobility,” Bolloré was quoted as saying by Autonews Europe at the Frankfurt Motor Show.

China-spec Renault City K-ZE

While this is probably THE statement of IAA 2019, the big question is how will Renault be able to deliver a truly affordable EV to the masses? After all, VW said the same thing about the new ID.3 electric compact hatch, yet that model’s pricing is estimated to start at under €30,000 (approximately $33,100) in Germany, making it three times more expensive than Renault’s future budget EV.

“We are already making money with our electric cars today with quite modest volumes in absolute terms. By projecting what is going to happen in the market, we have a clear estimate that we can still make money” with a low-priced EV, Bolloré added.

2020 renault city k-ze 3
China-spec Renault City K-ZE

The budget EV already exists: the Renault City K-ZE launched in China from $8,700

Renault needs to look no further than China to find a suitable budget EV that it could bring to Europe. We’re referring to the City K-ZE, an electric version of the Kwid small crossover. The French automaker has not ruled out bringing the electric crossover to Europe, if it turns out to be a hit in China.

Also read: FCA And Renault Merger Talks Could Be Back On The Table

Well, the Renault City K-ZE went on sale on Tuesday in the world’s largest EV market with a starting price of RMB 61,800 — the equivalent of $8,700. Given that a European version of this model would require further investment for homologation in the region, a base price of around $11,000 doesn’t seem that far-fetched.

China-spec Renault City K-ZE

Based on the CMF-A platform, the China-spec Renault City K-ZE features a 26.8-kWh lithium-ion battery pack that powers an electric motor rated at 44 PS (43 hp) and 125 Nm (92 lb-ft) of torque. The model offers a claimed range of 271 km (168 miles) on the NEDC cycle.

If Renault truly does manage to offer an EV for €10,000 in Europe, that model will definitely be a game changer. It remains to be seen whether Renault’s upcoming budget EV will be offered in Europe under its core brand or the entry-level Dacia marque.

more photos...
  • designer_dick

    I’m going to assume the K-ZE had its crash protection beefed up from the standard Kwid, which performed terribly in ASEAN NCAP crash tests. If it can score at least three stars on Euro NCAP crash test, and they can profitably sell it from around €10,000-15,000, preferably with a slightly larger battery and longer range, then they’d be mad not to bring it to Europe – probably as a Dacia.

  • Thomas Schiffer

    Looking at the side profile and door handles, it’s based on a current Dacia. The name eludes me.

    • designer_dick

      No Dacia currently employs the CMF-A platform. They’re all built on the older B0/M0 platforms.

    • Joe

      It’s based on the Renault Kwid, primarily developed for India and South America. It’s not offered anywhere as a Dacia, but sits below the Sandero (badged as a Renault) in its main markets.

  • alexxx

    Bring it as soon as possible…

  • Callanish

    Is a 43hp electric motor usable enough to keep up with traffic outside of European city driving, like on the freeways.

  • Przemix

    Safety systems mandatory in Europe could kill this price

  • R55

    Less of the £1million bespoke electric hypercars, and more of this stuff for the masses.

    Make it cheaper than a regular Petrol car, and more people will be on board.

2021 Ford Mustang Mach-E Is A Modern Day Pony Car, For Better Or Worse

All years of hype, Ford has introduced an electric Mustang – in crossover form.

Watch Ford Mustang Mach- E Livestream Presentation At 8:50PM EST (5:50PM PST)

Join us as we live stream the unveiling of Ford’s new Mustang Mach-e electric SUV from Los Angeles.

Holographic Chrome Lamborghini Aventador SVJ Is As Bright As Times Square

This chrome-wrapped Aventador SVJ resides in New York where it will surely draw lots of attention.

African King Takes Delivery Of 19 Rolls-Royces, Reportedly Buys 120 BMWs As Well

Swaziland King Mswati III already had an impressive car collection before expanding it even more with this not-so-small fleet.

2019 LA Auto Show Preview: A-To-Z Guide To All The Debuts (Updated)

The most comprehensive list of all the world and North American premieres at the 2019 LA Auto Show.

Revised 2020 Alfa Giulia And Stelvio Debut In China With Improved Interiors (New Photos)

The 2020 Alfa Romeo Giulia and Stelvio look unchanged on the outside but feature many interior and tech upgrades.

Charging A Tesla Model 3 By Towing It With A Raptor Brings Out Some Interesting Results

Turns out you can actually save fuel by towing a Tesla Model 3 with a very thirsty truck!.

2018 Mazda6 Long-Term Test Concludes With Mostly Positive Feedback

Apart from a couple of visits to the service center, KBB had mostly good things to say about the Mazda6 .

These Are The Best-Braking Cars Ever Tested By Car and Driver

Unsurprisingly, they are all sports cars and supercars, but the rankings are not quite as one might have expected…

Inkas’ Armored Sentry Civilian Will Make Others Think You Belong In A SWAT Or SF Unit

The Sentry Civilian is powered by a 6.7-liter turbodiesel with 330 hp and offers huge levels of protection.