Market Size of France Automotive High Performance Electric Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 20.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Automotive High Performance Evs Market Analysis
The France automotive high performance electric vehicle market is expected to register a CAGR of about 20% during the forecasted period (2020 - 2025)
- Growing awareness of vehicle emissions, lower operating and maintenance costs, along with increasing government initiatives to encourage the use of electric vehicles, will drive the growth of high-performance electric vehicles in France. The growing demand for these types of vehicles is primarily due to the increasing popularity of racing events across the world.
- An electric high-performance vehicle (EHPV) is propelled by electricity and is equipped with advance electric vehicle powertrain components and Li-ion batteries with high energy density. Government is also providing monetary benefits such as zero to a very little registration fee and exemption in import tax, purchase tax, and road tax. Apart from providing subsidies, the French government has announced plans to offer some of most generous incentives of any country to buy an electric vehicle, buyers will be eligible to receive up to 12,000 EUR. This was announced on May 27, 2020 when the French government presented an 8 billiion-euro rescue plan for the country's auto industry.
