Renault Plans $8,000 electric car for 2018

Renault-Nissan is planning to produce an electric car costing $8,000 or less within the next two years, according to the company’s chief executive. Speaking at the Web Summit conference in Lisbon on Tuesday, Carlos Ghosn said his company was planning a low-cost electric car by 2018 in order to capture the lucrative Chinese market. “What we…