# Renault Pledges Over €10 Billion for French EVs and Affordable Cars

*2026-10-09 06:00 UTC · Business · 1 min read*

> Renault's CEO says it will invest over €10 billion in France in five years, mainly in EVs and affordable cars, if conditions allow.

Renault CEO François Provost said the carmaker plans to invest more than €10 billion in France over the next five years, mainly in electric vehicles and cheaper models. He made the announcement in a France Inter radio interview on October 3, conditional on a supportive social and political climate.

Provost said Renault invested €13 billion in France over the past five years to retool its industrial footprint for electrification. The company built 500,000 cars in France in 2025 and expects at least 25% more in 2026 as the EV shift continues.

Demand is rising: electric cars hit a record 42% of new car registrations in France in September, helped by fuel price spikes since the start of the Iran war. The French state owns about 15% of Renault.

## Sources

- [just-auto.com](https://www.just-auto.com/newsletters/renault-eyes-further-ev-investment-france)
- [capital.com](https://capital.com/en-gb/news/renault-to-invest-over-10-billion-in-france-in-evs)

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TechTools News · https://techtools.cz/tools/news/article/2487-renault-pledges-over-10-billion-for-french-evs-and-affordable-cars
Česká verze: https://techtools.cz/tools/news/clanek/2561-renault-slibuje-pres-10-miliard-eur-na-francouzske-elektromobily-a-levnejsi-auta