European Carmakers Launch Low-Cost EVs at Paris Show to Boost Demand And Compete With Chinese EV Makers

Several major European carmakers launched low-cost electric vehicles at the Paris Motor Show this week to reignite demand and compete with Chinese brands. Renault introduced its Twingo E-Tech electric prototype, small SUV R4, and Dacia Spring as affordable EVs priced around $20,000. Stellantis launched the Citroen C4 series as part of its energy transition strategy. With Chinese-made EVs costing significantly less, European manufacturers focus on price-competitive offerings to meet emissions targets and attract mass-market buyers.