France electric car market is estimated to augment at a CAGR of more than 20.0% during the forecast period. Favorable government policies and subsidies provided by the government are making the country a major market for electric cars in Europe. The French government aims a fleet of 600,000 battery electric vehicles, 400,000 plug-in hybrid vehicles and 100,000 publicly accessible charging points by 2022. From January 2020, the government is offering subsidies for the cars which emits less than 20 gm CO2/km. On purchasing a battery-electric car, the buyer can get a subsidy of $6,500 for a car priced below $49,000. The subsidy for the car in the range of $49,000 and $65,000 is $3,250. An organization can avail a subsidy of $3,250 for a car price under $65,000. The budget for the subsidy has also increased from $280 million to $433 million in 2020. A considerable growth is witnessed in 2019 in the French electric car market. As per the European Automobile Manufacturers Association, a growth of 34.6% YoY is registered in 2019 in the electric vehicle car sales in the country. More than 61,000 electric cars were sold in the country as compared to around 45,600 in 2018.
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France electric car market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further segmented into hatchback, sedan, and SUV. On the basis of propulsion technology, the market is bifurcated into battery-electric cars and plug-in hybrid electric cars. Battery electric vehicles will have a major market share during the forecast period. As per the European Automobile Manufacturers Association, in 2019 around 43,000 battery electric vehicle was sold in the country, with a growth of 37.6% YoY whereas around 19,600 plug-in-hybrid vehicles were sold with a growth of nearly 28% YoY. By battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion battery-electric car market is expected to cover a major share in the near future.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
France Electric Car Market by Vehicle Type
- Sedan
- Hatchback
- SUV
France Electric Car Market by Propulsion Technology
- Battery
- Plug-in-Hybrid
France Electric Car Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- AB Volvo
- BMW AG
- Daimler AG
- Ford Motor Co.
- Groupe PSA
- Kia Motors Corp.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
- Volkswagen AG
The Report Covers
- Comprehensive research methodology of France Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting France Electric Car Market.
- Insights about market determinants that are stimulating France Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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