The French company says its boss of electric vehicles, Gilles Normand, was misquoted and was referring to the total cost of ownership over five years, not the initial purchase price.
"We forecast that the costs of total ownership and running costs of a B-segment car will equalise by 2020," a spokesperson told Autocar.
Five years later, in 2025, the total ownership costs for a C-segment EV will match those of a similar-sized combustion-engined car, Renault says.
Total cost of ownership, also known as ‘TCOE’, is the fleet and leasing industry yardstick term for residual values, service, maintenance and repair, insurance, fuel economy and purchase price combined.
Autocar understands that an important development will be the lower cost of batteries as production volumes increase, which will reduce the monthly leasing costs to owners.