Renault, Stellantis See EV Sales Bouncing Back on Low Prices.

Demand for electric vehicles (EVs) is rebounding as prices for plug-in models decrease, according to Stellantis NV and Renault SA. At the Paris auto show, Stellantis' Citroën brand head, Thierry Koskas, stated that EV demand may be approaching a tipping point. Renault CEO Luca de Meo reported that EVs accounted for 35% to 40% of sales at a recent event. Automakers are showcasing affordable electric models in Paris to compete with Chinese manufacturers. Stellantis, Volkswagen AG, and Renault are also contending with a slowdown in EV demand due to subsidy cuts. [Extracted from the article]