France Electric Vehicles Market - Growth, Trends, and Forecasts (2023 - 2028)

The Electric Vehicle Market is Segmented by Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Other Propulsion Types), Vehicle Type (Passenger Cars and Commercial Vehicles), and Charging Type (Normal Charging and Fast Charging). The report offers the market size and forecasts in Value (USD billion) and Volume (in units) for all the above segments.

France Electric Vehicles Market Size

France Electric Vehicles Market Summary
Study Period: 2019-2027
CAGR: > 12 %

Major Players

France Electric Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order


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France Electric Vehicles Market Analysis

The France electric vehicles market is projected to register a CAGR of over 12% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • In the long term, government initiatives to create awareness and promote the use of electric vehicles are expected to drive the market studied during the forecast period.
  • However, the global shortage of semiconductors is expected to hinder the France electric vehicle market during the forecast period.
  • Technological advancement in battery and the application of cutting-edge technologies, like Advance Driver Assistant Systems, Artificial Intelligence, and the Internet of things. This will create an opportunity for market players in the forecast period.

France Electric Vehicles Industry Segmentation

Electric vehicles operate on electric motor that is powered by electricity. 

The Electric Vehicle Market is Segmented by Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Other Propulsion Types), Vehicle Type (Passenger Cars and Commercial Vehicles), and Charging Type (Normal Charging and Fast Charging). The report offers the market size and forecasts in Value (USD billion) and Volume (in units) for all the above segments. The report also covers the market size and forecasts for the Electric vehicles market across the country. 

By Propulsion Type
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Other Propulsion Types
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Charging Type
Normal Charging
Fast Charging

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France Electric Vehicles Market Trends

This section covers the major market trends shaping the France Electric Vehicles Market according to our research experts:

Battery Electric Vehicles Segment to have a Significant Share in the Market Studied

  • Battery Electric Vehicles have an electric motor and use a large traction battery pack to power the electric motor. BEV is plugged into a wall outlet or charging equipment such as electric vehicle supply equipment. BEVs are fully electric vehicles and do not have a fuel tank, internal combustion engine, or exhaust engine, and they depend upon electricity for propulsion.
  • According to the International energy agency, BEV sales in France increased from 190 in 2010 to 170,000 in 2021. At the same time, PHEV sales increased from 96 in 2011 to 140,000 in 2021. Furthermore, the government aims to reach 1.85 million by 2028 and achieve carbon emission programs by 2050.
  • Lithium-ion batteries are used in battery electric vehicles for both passenger and commercial cars. Lithium-ion is a rechargeable battery and has a higher density, which is the most preferred battery for EVs. The demand for lithium-ion batteries has been increasing owing to the increase in the sale of electric vehicles in France. Further, it will lead to a rise in sales of electric vehicles during the forecast period.
  • Moreover, in October 2022, Imerys, a French company, launched an EMILI (Exploitation de MIca Lithinifère par Imerys) project to mine lithium at the Beauvoir site in central France. The company is targeting the production of 34,000 metric tons of lithium hydroxide every year from 2028. Thus, the company will produce nearly 700,000 electric vehicle batteries per year. This will reduce the import of lithium batteries from other countries.
  • Hence, owing to the above points, the Battery electric vehicles are expected to dominate the market during the forecast period.
France Electric Vehicles, Battery Electric Vehicles Sales, In Thousand Units, France, 2011-2021

Government Initiatives to Drive the Market

  • The French government has banned the sales of Internal combustion engines by 2040 to promote a carbon emission program. European Union has set a target of 30 million zero-emission vehicles by the end of 2035.
  • The automotive sector in France is the second largest country in Europe. The French government has invested EUR 30 billion (around USD 27.9 billion) in 2021 and will provide up to EUR 4 billion (around USD 3.72 billion) to support the automotive industry to produce 2 million EVs by 2030.
  • In 2021, total electric car registration was approximately 174,191, up from 119,737 in 2020. This represents an increase of around 45%. The factor behind abrupt growth is the French government offering subsidies of EUR 6000 (around USD 5580) for purchasing EV prices under EUR 47000 (around USD 4371), which includes both BEV and PHEV in 2021. Moreover, in 2022, the French government increased its subsidies from EUR 6000 (around USD 5880) to EUR 7000 (USD 6860).
  • In October 2022, the French government announced funding of EUR 1.3 billion (around USD 1.27 billion) for an electric car; it will include a leasing scheme through which 100,000 vehicles would be made available for long-term hire at EUR 100 per month (approximately USD 98).
  • Hence, owing to the above points, government initiatives to see significant growth in the Electric vehicles market during the forecast period.
France Electric Vehicles, Electric Car Registed, in thousand Units, France, 2016-2021

France Electric Vehicles Industry Overview

The France Electric vehicles market is moderately fragmented. Some of the key players in this market (in no particular order) include Tesla Inc, Mercedes-Benz Group AG, Citroen International, Volkswagen AG, and Bayerische Motoren Werke AG.

France Electric Vehicles Market Leaders

  1. Tesla Inc

  2. Mercedes-Benz Group AG

  3. CITROËN International

  4. Volkswagen AG

  5. Bayerische Motoren Werke AG

*Disclaimer: Major Players sorted in no particular order

France Electric Vehicles Market Concentration

France Electric Vehicles Market News

  • September 2022- Uber partnered with Stellantis and Free2Move to focus on the French electric vehicles market. The company will support Uber's plans to convert 50% of its fleet to electric vehicles by 2030.
  • March 2022- Eramet made a joint agreement with Suez to develop a recycling facility for electric vehicle batteries by 2024.

France Electric Vehicles Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD Billion Till 2027

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis


    1. 5.1 By Propulsion Type

      1. 5.1.1 Battery Electric Vehicles

      2. 5.1.2 Plug-in Hybrid Electric Vehicles

      3. 5.1.3 Other Propulsion Types

    2. 5.2 By Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles

    3. 5.3 By Charging Type

      1. 5.3.1 Normal Charging

      2. 5.3.2 Fast Charging


    1. 6.1 Mergers, Acquisitions, Collaboration and Joint Ventures

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Company Profiles

      1. 6.3.1 Tesla Inc

      2. 6.3.2 Mercedes-Benz Group AG

      3. 6.3.3 Volkswagen AG

      4. 6.3.4 Hyundai Motor Company

      5. 6.3.5 Citroen International

      6. 6.3.6 Bayerische Motoren Werke AG

      7. 6.3.7 Volkswagen AG

      8. 6.3.8 Renault Group

      9. 6.3.9 Kia Corporation

    4. *List Not Exhaustive

**Subject to Availability
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France Electric Vehicles Market Research FAQs

The France Electric Vehicles Market is studied from 2019 - 2027.

The France Electric Vehicles Market is growing at a CAGR of >12% over the next 5 years.

Tesla Inc, Mercedes-Benz Group AG, CITROËN International, Volkswagen AG, Bayerische Motoren Werke AG are the major companies operating in France Electric Vehicles Market.

France Electric Vehicles Industry Report

Statistics for the 2023 France Electric Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Electric Vehicles analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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