<p>Renault said on Wednesday that electric vehicles would account for up to 90% of the French carmaker's models by 2030, amping up its ambitions in a fast-growing sector where Volkswagen has stolen a march on its rivals.</p>.<p>Unveiling a new plan for electric vehicles (EVs), Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025 and that new, purpose-built electric car platforms would allow it to deliver vehicles at a lower cost.</p>.<p>The previous target was for 90% of the Renault brand mix to be made up of all-electric and hybrid vehicles by 2030. In the new plan, Renault aims to hit its target without relying on hybrid vehicles.</p>.<p>"Today is an historic acceleration of Renault Group's EV strategy," de Meo said in a statement.</p>.<p>Renault's Zoe model, the biggest-selling battery electric car in its segment in Europe for years, is losing ground to models such as Volkswagen's ID.3 compact electric car.</p>.<p>Figures from database EV-Volumes.com showed Volkswagen's share of the EV market in Europe soared to 25% last year from 14% in 2019, overtaking the Renault, Nissan, Mitsubishi alliance, whose share shrank to 19% from 23% in 2019.</p>.<p>De Meo, a former Volkswagen executive who turned the German automaker's Seat brand around, has been tasked with helping Renault turn a new page after a troubled spell.</p>.<p>Former boss Carlos Ghosn was ousted and arrested in Japan in 2018 on charges of financial malpractice, which he denies. Ghosn left behind a sprawling model range with low margins and Renault racked up heavy losses when global demand for cars fell.</p>.<p>De Meo's turnaround plan - which he has termed a "Renaulution" - is to lay off thousands of workers, reduce the range of models, and improve cooperation between alliance partners on vehicle production.</p>.<p>Renault said this month it would combine three of its plants in northern France into a new legal entity, Renault ElectriCity, that will produce 400,000 vehicles a year by 2025.</p>.<p>The firm has previously said it will use purpose-designed electric platforms, known as CMF B-EV and CMF A, to produce small and affordable EVs.</p>
<p>Renault said on Wednesday that electric vehicles would account for up to 90% of the French carmaker's models by 2030, amping up its ambitions in a fast-growing sector where Volkswagen has stolen a march on its rivals.</p>.<p>Unveiling a new plan for electric vehicles (EVs), Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025 and that new, purpose-built electric car platforms would allow it to deliver vehicles at a lower cost.</p>.<p>The previous target was for 90% of the Renault brand mix to be made up of all-electric and hybrid vehicles by 2030. In the new plan, Renault aims to hit its target without relying on hybrid vehicles.</p>.<p>"Today is an historic acceleration of Renault Group's EV strategy," de Meo said in a statement.</p>.<p>Renault's Zoe model, the biggest-selling battery electric car in its segment in Europe for years, is losing ground to models such as Volkswagen's ID.3 compact electric car.</p>.<p>Figures from database EV-Volumes.com showed Volkswagen's share of the EV market in Europe soared to 25% last year from 14% in 2019, overtaking the Renault, Nissan, Mitsubishi alliance, whose share shrank to 19% from 23% in 2019.</p>.<p>De Meo, a former Volkswagen executive who turned the German automaker's Seat brand around, has been tasked with helping Renault turn a new page after a troubled spell.</p>.<p>Former boss Carlos Ghosn was ousted and arrested in Japan in 2018 on charges of financial malpractice, which he denies. Ghosn left behind a sprawling model range with low margins and Renault racked up heavy losses when global demand for cars fell.</p>.<p>De Meo's turnaround plan - which he has termed a "Renaulution" - is to lay off thousands of workers, reduce the range of models, and improve cooperation between alliance partners on vehicle production.</p>.<p>Renault said this month it would combine three of its plants in northern France into a new legal entity, Renault ElectriCity, that will produce 400,000 vehicles a year by 2025.</p>.<p>The firm has previously said it will use purpose-designed electric platforms, known as CMF B-EV and CMF A, to produce small and affordable EVs.</p>