Renault has done well with the Dacia unit that was acquired in 1999. Dacia now accounts for about 10 percent of the European car market, and former Renault chief operating officer Carlos Tavares recently referred to the division as "a cash cow." Dacia sells five models across 36 countries, though all are of the conventional gas-powered variety. We look forward to a change in that situation.
Earlier this month, Dacia showed off the newest version of its Duster budget SUV, giving the model a new 1.2-liter turbocharged gasoline four-cylinder engine, updating its interior and pricing it at less than $14,000. We get the feeling that EV will cost a little more than that.