Renault has announced a production version of the 2014 Eolab concept will be introduced "as soon as the market is ready."

Renault has announced a production version of the 2014 Eolab concept will be introduced "as soon as the market is ready."

Company's chief performance officer Jerome Stoll recently said Renault is ready to introduce its first ever plug-in hybrid model but it will be a while until the car will come out as the French marque has decided to wait until more people will agree to pay the extra price commanded by the added hardware since right now less than 1% of cars on the roads are hybrids. Speaking during the annual shareholder meeting at the end of last month, Stoll said a production version of the Eolab will go on sale "as soon as the market is ready."

We remind you the Eolab concept debuted at last year's Paris Motor Show with a fuel consumption of only 1 liter / 100 km (235 mpg US or 282 mpg UK). Its plug-in hybrid system consists of a 3-cylinder 1.0-liter gasoline engine rated at 75 PS & 95 Nm working together with an electric motor producing 68 PS & 200 Nm. It has a lithium-ion battery with a 6.7 kWh capacity enabling a pure electric range of 41 miles (66 km).

Don't expect the production version to be just as frugal taking into account the concept weighs only 955 kg (2,105 lbs) thanks to an advanced multi-material construction combining aluminum with magnesium, carbon fiber composites and magnesium. The road-going car will have a more conventional body to enable a lower price and as a consequence it will be heavier, thus increasing fuel consumption.

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Renault Eolab production version done, will be out "as soon as the market is ready"