Electric Cars Face Crucial Test In Depressed European Auto Market
PARIS - The Renault-Nissan alliance’s multibillion-euro electric-vehicle program, marred by delays and disappointing sales, faces crucial tests this month amid the slump in European auto demand and the Japanese yen’s volatility against foreign currencies.
Renault SA’s first compact electric car hits showrooms in France this month, benefiting from a €7,000 ($9,114) a car government subsidy putting it on par with conventionally powered cars.
The battery is rented separately. Nissan starts production of the Leaf, its flagship electric car, in the U.K. this month too. Production began outside Japan for first time in the new year at the Japanese auto maker’s Smyrna, Tenn., assembly plant.
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