French EV development trends
The French government will sign a wide-ranging pact with the automotive industry that sets new targets for electric vehicle sales.
The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027. It also targets a sixfold increase for electric light commercial vehicles, to 100,000 a year.
The Electric Vehicles market in France is estimated to generate a revenue of US$23.6bn by 2024.
This projection indicates a steady annual growth rate (CAGR 2024-2028) of 8.75%.
As a result, the market volume is expected to reach US$33.0bn by 2028.
France Electric Vehicle (EV) Charging Market was valued at USD 565.84 million in 2022, and is predicted to reach USD 4559.6 million by 2030, with a CAGR of 30.5% from 2023 to 2030.
Through France 2030, the French government is aiming to produce two million zero-emission vehicles and to develop low-emission, sovereign, and resilient mobility, for which €3.6bn in funding has been earmarked.
France is leading the way in electric vehicle adoption, with government incentives and a robust charging infrastructure driving consumer demand.
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