FranceElectric Vehicle Market size was valued US$ XX Mn in 2019 and the totalrevenue is expected to grow at 11% % from 2020 to 2027, reaching US$ XX Mn.
France Electric Vehicle Market
France Electric Vehicle MarketDefinition
France aims to ban fossil fuelcars by 2040 & Paris plans to ban them by 2030. Yet, only 2% of cars soldin France in 2018 were Electric cars as buyers appear to be founding theircar-buying decisions on out-of-date info about both the performance of EVs& the total price to own & operate one. What is happening in France isrepresentative of the international challenge of electric vehicles. Even thoughEV technology is improving, & they are becoming more reasonable, few buyersare alert of the development. Wrong information about new technologies oftenreduces the adoption rate by the public.
France is Europe's biggest marketfor EVs. France's primary role can be credited to the victory of the RenaultsKangoo & Zoé. Finally, Norway has fallen behind France not just because ofits less population but also owing to the absence of a national electricvehicle manufacturer. Electric vehicle development in France will endurebenefiting from a number of governing advantages, with a conversion bonus &other financial advantages. And while Electric vehicles remain more costly thanfossil-fuel cars.
France Electric Vehicle MarketDynamics
The government has reviewed itsbonus-malus CO2 system with the purpose of quintupling sales of EVs by 2022compared to 2017. To this end, new modalities for the environmental bonus willbe presented & the environmental penalty will be significantly increased.The bonus is applicable from 1st January 2020 for vehicles that produce lessthan 20 gm. of 〖CO〗_2 per Km & will amount to€6,000 for private individuals up to a list worth of €45,000 or €3,000 for alist value between €45,000 & €60,000. Legal objects receive a subsidy of3,000 euros for vehicles below a list value of 60,000 euros. Only light ECM& fuel cell vehicles will be subsidized with 3,000 euros even beyond the60,000 euro limit.
In addition, the French governmentwill maintain the buying incentive of 900 euros for 2 or 3 wheeled EVs.Individuals with a modest salary who already have social support at thedomestic level could think to receive 200 euros from the national subsidy fundfor buying an electric bicycle. The budget reserved for the bonus will risefrom 260 Mn euros this year to 400 Mn in 2020. The government has also drawn upa 5-year proposal and according to this proposal, the budget of 400 Mn euroswill be continued till 2021, but the maximum bonus per vehicle will then bereduced to 5,000 euros with the purpose of supporting 130,000 vehiclepurchases. In the year 2022, around 340 Mn euros will be ready for a maximum of160,000 vehicles with the maximum bonus dropping further to 4,000 euros.
The objective of the report is topresent a comprehensive analysis of the France Electric Vehicle Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report. External as well as internal factors that are supposedto affect the business positively or negatively have been analyzed, which willgive a clear futuristic view of the industry to the decision-makers.
The report also helps inunderstanding France’s Electric Vehicle Market dynamics, structure by analyzingthe market segments and project the France Electric Vehicle Market size. Clearrepresentation of competitive analysis of key players by Application, price,financial position, Product portfolio, growth strategies, and regional presencein the France Electric Vehicle Market make the report investor’s guide.
France Electric Vehicle Market, byType
• BEV
• PHEV
• HEV
France Electric Vehicle Market, byVehicle Type
• Two Wheeler
• Passenger Car
• Commercial Vehicle
France Electric Vehicle Market KeyPlayers
• BMW
• Mercedes Benz
• Bollinger
• Bollore
• Microlino
• Mistubishi
• Nissan
• Peugeot
• Smart
• Tesla
• ABB
• Eaton
• AVL
• Alfen
• Delphi Automotive
• Volkswagen.
• Alstom
• PSA Group
• Iveco Bus
• Teilhol
• De Dion-Bouton
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