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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
France Electric Vehicle Market Outlook
The France electric vehicle market size is projected to grow at a CAGR of 16.88% between 2024 and 2032.
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.
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Propulsion Type |
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| Breakup by Vehicle Drive Type |
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| Breakup by Vehicle Type |
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| Breakup by Top Speed |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 16.88% between 2024 and 2032.
The electric vehicle market is categorised according to the drive type, which includes front wheel drive (FWD), rear-wheel drive (RWD) and all-wheel drive (AWD).
The 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.
Based on the vehicle type, the market is divided into two-wheelers, passenger cars and commercial vehicles.
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