Renault will be the first brand in our portfolio to become full EV electric, in Europe in 2030. But it will also be the last to remain ICE & Hybrid due to its international presence, especially in Latin America, India, South Korea, and North Africa where electrification trajectories will be slower.
To do this, Renault has a choice of full-hybrid and plug-in hybrid vehicles in its E-Tech range, which is growing non-stop. It already included Clio, Captur, Megane and Arkana. In 2022, it grew to encompass All-new Austral, which ushered in a new, more powerful, more efficient and more frugal full-hybrid version of the E-Tech system, and All-new Renault Espace. All-New Rafale, our future high-end coupe-SUV, will complete the E-Tech hybrid powertrain family.
In all, Renault brand ICE and hybrid vehicles will continue its C-segment offensive and will grow by 20% its net revenue, while expanding its contribution margin by 30% between 2022 and 2030.