Market Size of France Electric Vehicles Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 12.00 % |
| Market Concentration | Medium |
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.
