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. 

The companies which are contributing significantly in the market include BMW AG, AB Volvo, Daimler AG, Ford Motor Co., Groupe PSA, Kia Motors Corp., Nissan Motor Co., Renault Group, Tesla, Inc., Volkswagen AG, and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. The popular electric car models available in the country include Renault Zoe, which is followed by Peugeot 208 EV, Peugeot 3008 PHEV, DS 3 Crossback EV, and DS 7 Crossback PHEV.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. France Electric Car Market Research and Analysis by Vehicle Type 
2. France Electric Car Market Research and Analysis by Propulsion Technology
3. France Electric Car Market Research and Analysis by Battery Type

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.