Market Size of France Electric Vehicles Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR (2024 - 2029) | > 12.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Electric Vehicles Market Analysis
The France Electric Vehicles Market is expected to register a CAGR of greater than 12% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- In the long term, government initiatives to create awareness and promote the use of electric vehicles are expected to drive the market studied during the forecast period.
- However, the global shortage of semiconductors is expected to hinder the France electric vehicle market during the forecast period.
- Technological advancement in battery and the application of cutting-edge technologies, like Advance Driver Assistant Systems, Artificial Intelligence, and the Internet of things. This will create an opportunity for market players in the forecast period.
France Electric Vehicles Industry Segmentation
Electric vehicles operate on electric motor that is powered by electricity.
The Electric Vehicle Market is Segmented by Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Other Propulsion Types), Vehicle Type (Passenger Cars and Commercial Vehicles), and Charging Type (Normal Charging and Fast Charging). The report offers the market size and forecasts in Value (USD billion) and Volume (in units) for all the above segments. The report also covers the market size and forecasts for the Electric vehicles market across the country.
| By Propulsion Type | |
| Battery Electric Vehicles | |
| Plug-in Hybrid Electric Vehicles | |
| Other Propulsion Types |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Charging Type | |
| Normal Charging | |
| Fast Charging |
France Electric Vehicles Market Size Summary
The France electric vehicles market is experiencing a robust growth trajectory, driven by government initiatives aimed at promoting awareness and adoption of electric vehicles. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Key factors propelling this growth include advancements in battery technology and the integration of sophisticated systems like Advanced Driver Assistance Systems, Artificial Intelligence, and the Internet of Things. However, the market faces challenges such as the global semiconductor shortage, which could impede its progress. Battery Electric Vehicles (BEVs) are expected to dominate the market, supported by the increasing demand for lithium-ion batteries, which are crucial for both passenger and commercial electric vehicles. The French government's commitment to banning internal combustion engines by 2040 and its ambitious carbon emission targets further underscore the strategic shift towards electric mobility.
The French government's substantial investments and subsidies are pivotal in fostering the electric vehicles market. With significant financial backing, the automotive sector in France is poised to produce millions of electric vehicles by the end of the decade. The government's financial incentives, including substantial subsidies for purchasing electric vehicles, have significantly boosted sales. Additionally, initiatives like the EMILI project, aimed at local lithium production, are set to enhance the supply chain for electric vehicle batteries, reducing reliance on imports. The market is moderately fragmented, with key players such as Tesla, Mercedes-Benz, Citroen, Volkswagen, and BMW actively participating. Collaborations, such as Uber's partnership with Stellantis and Free2Move, highlight the industry's collective efforts to transition towards electric mobility, further reinforcing the market's growth prospects.
France Electric Vehicles Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD Billion Till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Propulsion Type
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2.1.1 Battery Electric Vehicles
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2.1.2 Plug-in Hybrid Electric Vehicles
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2.1.3 Other Propulsion Types
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2.2 By Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicles
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2.3 By Charging Type
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2.3.1 Normal Charging
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2.3.2 Fast Charging
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France Electric Vehicles Market Size FAQs
What is the current France Electric Vehicles Market size?
The France Electric Vehicles Market is projected to register a CAGR of greater than 12% during the forecast period (2024-2029)
Who are the key players in France Electric Vehicles Market?
Tesla Inc, Mercedes-Benz Group AG, CITROËN International, Volkswagen AG and Bayerische Motoren Werke AG are the major companies operating in the France Electric Vehicles Market.
