France electric vehicle market is expected to grow at a CAGR of 18.0% during the forecast period. Due to the COVID-19 pandemic, and lockdowns announced to control the spread of the pandemic, a negative effect on the overall industry was witnessed in the country in 2020. In the whole of 2020, the French vehicle sales declined by 25.5% YoY to 1.65 million as compared to 2.21 million units sold in 2019. The volume is the lowest since 1975 for the country. The downfall was witnessed even after the incentive of around $9.7 was announced by the French government to support the automotive industry.
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However, in 2020, the electric vehicle has showcased a positive growth in the country. the HEV sales were increased by more than 58% in 2020 to 169,000. The share of HEV has increased to more than double to 10.3% in 2020 from 4.9% in 2019. Moreover, BEV showcased a growth of 160% in 2020, and volume reached nearly 111,000 and volume share from only 1.9% in 2019 to 6.7% in 2020.
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Similar trends were followed by PHEV, where the growth of nearly 300% in volume to 74,600 was witnessed with a market share of 4.5% in 2020 as compared to 0.8% in 2019. A major factor for the growth in the EV sales volume was the government subsidies as the customers wanted to take advantage of the incentives on the new and attractive EV models.
France Electric Vehicle Market Report Segment
By Vehicle Type
- Commercial Vehicle
- Passenger Car
- Two-Wheeler
By Propulsion Technology
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Battery Type
- NiMH
- Li-ion
- Others
Company Profiles
- BMW AG
- BYD
- Daimler AG
- Ford Motor Co.
- Kia Motors Corp.
- Mitsubishi Motors Corp.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
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