Renault CEO Luca De Meo questions Europe's timeline for transitioning to electric vehicles.

De Meo emphasizes the need for cost reduction to achieve EV goals.

Challenges exist in achieving Renault's target of electrifying 100% of car production by 2035.

De Meo stresses the importance of flexibility in the transition schedule and aligning customer demand with the goal.

The automotive sector faces regulatory uncertainties and competition, impacting the shift to EVs.

Global EV sales rose in 2023 but fell in 2024.

New car sales in the EU increased in June.

Renault acknowledges the difficulty of meeting the 2035 target and highlights the necessity of cutting costs to drive the transition effectively.