Models vs renders

Are renders more or less laggy than models, and will models all eventually be replaced with equivalent renders? Because if all cube model components were replaced with cube render components I would be fine with that, I just dont want all my models disappearing because thats my entire game. What is the future of models and will we see them be completely replaced or removed?

Models are deprecated meaning that no new features will be added although we will look to fix new bugs with them.

They are unlikely to be removed until we hit version 2.0.0 of the engine.

To give an example, we still have the legacy scripting system that was deprecated in 2016 in the engine.

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