Renault is shutting down its Zity car-sharing services and dramatically scaling back EV charging infrastructure plans as new CEO François Provost prioritizes profitability over expansion at the French automaker’s Mobilize unit.

Why it matters: The retreat signals another European automaker abandoning ambitious EV infrastructure investments amid brutal cost pressures and slowing returns.

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EVXL’s Take

Renault’s retreat from EV infrastructure fits a pattern EVXL has tracked throughout 2025: European automakers are abandoning ambitious electrification plans faster than they announced them. What makes this particularly notable is timing. Just days ago, Ford announced it would partner with Renault to build cheap EVs in France because Ford’s own platform was too expensive. Now Renault is simultaneously slashing its infrastructure investments.

“We are in a context of adjusting Renault’s capital allocation, the auto industry is in a difficult environment, and we have many investments to finance,” Jérôme Faton, head of Energy at Mobilize, told Reuters. Translation: when profits tighten, EV infrastructure is the first casualty. Meanwhile, BYD is doubling its European dealer network to 2,000 locations by 2026 and building factories that make tariffs irrelevant.

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