Groupe Renault will halve its diesel product offer over the next five years, with a focus on launching part and fully-electric models based on technology shared with Nissan, Mitsubishi and Daimler.

Renault will launch eight full EVs by 2022, while halving its diesel line-up.

Announced as part of its “Drive The Future” five-year plan, the group said it is aiming to be a leader in electrified technology, with 50% of its global product range featuring the technology by 2022. In Europe, this will be available in 60% of its products – including the next Clio and its crossovers and SUVs.

By the end of the plan, Renault will have launched eight new battery-electric vehicles, five of which will be in new segments, and the drivetrain technology will be shared across the Renault-Nissan-Mitsubishi Alliance, as well as with Daimler. A specific platform for electric vehicles will arrive in 2021.

The group also said it will have 12 “electrified” models by that date, including plug-in hybrid and hybrid vehicles. This may also include its diesel “Hybrid Assist” mild hybrid system, as introduced on the Megane and Scenic.

Drive The Future is aimed at boosting Groupe Renault’s global sales by 40%, to five million units, by the end of 2022, while aiming for a 7% profit margin. New products will be backed by an €18bn investment in R&D, as well as cost and complexity reductions by sharing technology across the Alliance.

Renault chairman and CEO, Carlos Ghosn, said: “Drive the Future is about delivering strong, sustainable growth benefiting from investments in key regions and products, leveraging Alliance resources and technologies, and increasing our cost competitiveness.

“Supported by the men and women of Renault, this new plan will unleash our full potential to innovate and grow in a rapidly-changing industry.”

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