France Electric Vehicle Market Report and Forecast 2025-2034

France Electric Vehicle Market Outlook

The France electric vehicle market size is projected to grow at a CAGR of 16.88% between 2025 and 2034.

Key Takeaways:

• France plans to invest €2.5 billion in its 2030 investment plan to boost production of about two million electric and hybrid vehicles.

• The government is inviting projects to support high-power charging stations for electric vehicles, allocating €300 million.

• New consumer incentives for electric cars in France prioritize vehicles made locally, with 65% of sales eligible for benefits.

Battery electric vehicle boosts the France electric vehicle market growth as they provide commercial benefits such as emissions-free operation, cost-effectiveness, high performance, and government subsidy

Battery electric vehicle offers lower cost, zero emission and is energy efficient. BEVs reduce air pollution, greenhouse gas emissions and reliance on fossil fuels leveraging existing energy infrastructure and making them accessible and conducive to integrating into the existing energy grids. The government and private sectors are investing in the manufacturing of electric vehicles to promote environmental protection and secure a sustainable future.

In April 2024, France's Banque des Territoires, a subsidiary of Caisse des Depots, announced a partnership with electric vehicle recharger operator Bump. They aimed to finance the deployment of 10,000 charging points, primarily for businesses transitioning to electric fleets, with a 100 million euro ($108 million) investment.

Fuel cell electric vehicles provide longer driving ranges, greater energy storage, and zero-emission. It is run on hydrogen which provides quicker refuelling making it suitable for long-distance travel with very few stops and comparatively lighter weights. It has a sustainable power source which is environment friendly as well as is less dependent on the economy.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

France Electric Vehicle Market Report and Forecast 2024 to 2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Propulsion Type

• Battery Electric Vehicle

• Plug-In Hybrid Electric Vehicle

• Hybrid Electric Vehicle

• Fuel Cell Electric Vehicle

Market Breakup by Vehicle Drive Type

• Front Wheel Drive (FWD)

• Rear Wheel Drive (RWD)

• All Wheel Drive (AWD)

Market Breakup by Vehicle Type

• Two-Wheeler

• Passenger Cars

• Commercial Vehicle

Market Breakup by Top Speed

• Less Than 100 MPH

• 100-125 MPH

• More Than 125 MPH

The France electric vehicle market key players are Tesla Inc., Volkswagen AG, Volvo AB, Mercedes-Benz Group AG, BMW AG, Ford Motor Co., Renault SA, Hyundai Motor Co., Stellantis N.V. (Citroen), and Nissan Motor Co. Ltd. among others.

Key Highlights of the Report