The France Electric Vehicle market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. Moreover, the cohesive government programs and initiatives to fuel the growth of the EV market in France. France is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. It sets a collective aspirational goal. In 2018, France Government announced to ban sales of new cars emitting greenhouse gases by 2040. Moreover, the French government stated that it intends to reach a fleet of 1 million BEVs and PHEVs in 2022.
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Moreover, under the framework of the Green, Car Initiative started in November 2008 the France economic recovery plan had been presented to support a Europe-wide electromobility initiative, Green eMotion, worth $46.1 million, in partnership with 42 partners from electric car manufacturers, industry, municipalities, research institutions, universities, technology, research institutions, and utilities. According to the action plan, the France Commission will invest $26.7 million to finance the initiative’s activities. The growing public-private partnership to support the adoption of electric vehicles is anticipated to fuel the growth EV market in France.
The market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology, the market is sub-segmented into battery electric vehicles and plug-in hybrid electric vehicles. Based on Battery Type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type, the Li-ion batteries are anticipated to witness considerable growth.
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France Electric Vehicle Market Segmentation
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
By Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
By Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- BMW AG
- BYD
- Daimler AG
- Ford Motor Co.
- Kia Motors Corp.
- Mitsubishi Motors Corp.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
- Volkswagen AG
- Volvo Group
