France electric vehicle charger market is projected to grow at a considerable CAGR of more than 19.0% during the forecast period (2019-2025). Development in electric charging infrastructure and government support for the purchase of the electric vehicle is the key factor propelling the growth of the France electric vehicle charger industry.
In March 2020, the French Government announced an $8.8 billion package during the COVID-19 pandemic for supporting the auto industry. Benefits from the package include incentives increase for the purchase of a new electric vehicle and for replacing old vehicle to get pollution free country.
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Apart from this, the aim of the French Government to have 600,000 Battery Electric Vehicles (BEVs), 400,000 Plug-in hybrid electric vehicles, and 100,000 public charging points by 2022 will further give a boost to the regional growth of the market. The French government offers various incentives for electric vehicle chargers include:
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- The amount of $362 for tax benefit is available for the installation of an electric vehicle charger at home.
- Up to $2,607 incentive is available for installation of each public charging point.
- For the company’s incentives of up to 40% of the purchase and installation cost of the electric vehicle charging point is available.
- The incentives of up to 50% of the purchase and installation cost of the electric vehicle charging point are available for the apartments. By 2022, the government is planning to have 3,000 chargers for the apartments or condominiums.
Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Ownership, By Charger Type, By Connector
- Region Covered- France
- Competitive Landscape- ChargePoint, Inc., Engie, Leviton Manufacturing Co., Inc., Schneider Electric SE, Siemens AG, Tesla, Inc., Webasto SE, and others
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
France Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- DC Connectors
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
