Renault is ready with the production version of the Renault Eolab plug-in hybrid vehicle concept that was unveiled at the Paris Motor Show in September last year, says Automotive News Europe. The concept’s plug-in hybrid powertrain comprises a 75-hp 1.0-litre three-cylinder engine and a 67-hp electric motor. The electric motor is powered by a 6.7 kWh battery pack, and it provides a range of up to 60 km. In pure-electric mode, the PHEV can be driven on speeds up to 120 km/h.
The report indicates that the production version is kept on hold as of now because of high costs. Mr. Jérôme Stoll, Chief Performance Officer of Renault SA, says that the market is not ready to pay the additional costs (of hybrid cars) and hybrid cars currently represent less than 1% of the market. Mr. Stoll reassured the decision of bringing the production version to the market saying that the company will launch the PHEV when the market is ready for it.
[Source: Automotive News Europe]