Content of the study:
The electric cars market - France

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MARKET OVERVIEW

1.1 Market overview and definition

The electric car - a vehicle powered by electricity via a battery or fuel cell- is not a recent invention. In fact, the first experimental model of this type saw the light of day in 1935. However, it wasn't until the turn of the millennium, in 2000, that the electric car made its comeback on the market. Sales in France really took off in 2020, and the range continues to diversify, with increasingly affordable models, luxury models and utility models. Battery autonomy is a major factor in this market, depending on each model.

The global market is doing remarkably well, with sales of $384.65 billion in 2022 and an estimated CAGR of 17.8% to 2030. The global market is driven by technological advances and increasingly sustained production in countries such as China and South Korea. The development of increasingly dense networks of recharging stations is another pillar of demand, since it makes increasingly long and comfortable journeys possible. Tesla, a pioneer in the sector, has contributed to making electric cars attractive by making them an asset of distinction. Rising living standards and global environmental awareness are also contributing to strong demand.

Europe's high ambitions in terms of carbon neutrality make it a leading player in the development of the electric car market, and France is one of the main contributors. With almost a million electric cars by 2022, the French car fleet is becoming increasingly electrified, with electric car sales accounting for 21% of total car sales in 2020. France is mainly an importer in this sector, but its historic players such as Renault and Peugeot remain leaders, whose models are very popular in the hexagon.

Electric cars have a bright future ahead of them, and their average price is set to fall progressively below that of gasoline-powered cars, marking a major step forward in the development of this market.

1.2 A booming global market, dominated by China

The global electric vehicle market was estimated at $***.** billion in ****, and is expected to grow at a CAGR of **.*% to ****, a sign of strong expansion.

Sales growth projections for the global electric vehicle market World, **** - ****, in $ billions Source: ****

Factors such as rising fuel costs, global environmental awareness, growing interest in ...

1.3 Europe in pole position for the development of electric cars

In order to become a climate-neutral continent by ****, Europe is planning to implement various legislative proposals, many of which concern mobility, as transport accounts for almost a quarter of the continent's emissions. The European Commission aims to have at least ** million electric vehicles on the road by ****, a significant increase on ...

1.4 Growth in the French market

Despite a slow start due to factors such as high cost, lack of recharging infrastructure and limited public understanding, the number of electric vehihicles registered in France rose sharply during ****, despite the pandemic, the economic crisis and the shortage of semiconductors[***]. As shown in the graph below, the number of electric ...

1.5 Foreign trade based on imports

Electric cars are listed under HS code ******: passenger cars and other motor vehicles principally designed for the transport of less than ** persons, including station wagons and racing cars, with only an electric motor for propulsion (***). This code covers more vehicles than just electric cars, but it will enable us to observe ...

1.6 The impact of the Covid-19 crisis on the electric vehicle market

In ****, the market for electric and plug-in hybrid vehicles proved highly resilient and even impervious to the health crisis and prevailing gloom. the prevailing gloom, with growth of almost ***% recorded over the year, while the automotive market as a whole suffered a sharp decline of -**.*%. [***]

It should also be noted ...

DEMAND ANALYSIS

2.1 Typology of demand for electric vehicles

France is one of the European countries where the transition to electric vehicles is the most popular. Indeed, almost **% of French people plan to invest in a plug-in hybrid (***) vehicle over the next two years.

Market potential for electric and plug-in hybrid vehicles Europe, **** - ****, as % of total market Source: ****

In ...

2.2 An uneven geographical distribution of demand

Electric vehicle drivers, also known as"e-drivers", remain a minority on the roads. Electricity adoption is growing rapidly in metropolitan areas, particularly in the more affluent suburban communities surrounding these large cities. These affluent residential areas show a particular interest in electric power.

In the Yvelines département, in ****, electric car ...

2.3 A network of charging stations that is expanding, but still unevenly distributed

Initially scheduled for completion by the end of ****, the French government's objective of deploying ***,*** electric charging stations across the country has been postponed to **** due to the economic climate. The government's aim is to enable drivers to recharge their vehicles to **% in ** minutes, encouraging new habits that are more respectful of ...

2.4 The most popular models in France

In ****, the ten best-selling electric cars in France come from six different brands.

Most popular electric car models in **** France, ****, in number of registrations Source: ****

Since the start of ****, the Tesla Model Y, a much-anticipated compact SUV in Europe, has registered over **,*** registrations, topping the rankings. This model, designed for families, ...

2.5 Electricity costs and the availability of charging stations: increasingly important factors in the use of electric cars

August *, **** saw a **% increase in electricity prices, following the end of the tariff shield, causing tension in the electricity market. According to a YouGov survey carried out by Danish charging station management startup Monta, **% of electric vehicle owners express regret about their purchase due to this rate hike.

Have recent increases ...

MARKET STRUCTURE

3.1 The main players in the French market

The ranking of manufacturers selling the most electric vehicles in France is changing fast. For a long time, Renault was able to establish itself on the market thanks to the Renault ZOE, with a big lead due to a lack of competition, but today the cards have been reshuffled. Today, however, ...

3.2 Electric vehicle value chain

The value system of the automotive industry as a whole is depicted in the diagram below:

French automotive industry value chain

Source: ****

However, it needs to be completed by the electromobility value chain, in order to design the production system for electric vehicles more precisely.

Electromobility value chain in France

Source: ...

3.3 Status of electric vehicle production in France

According to L'Usine Nouvelle, the European federation T&E (***) estimates that France will rank second in the production of electric vehicles in Europe by ****, with around **% of vehicles produced.

Estimated number of electric vehicles produced France, *****-*****, in thousands of units Source: ****

This might seem to counterbalance the trend we've been ...

3.4 French automotive distribution

According to L'Argus,the number of automobile sales outlets has been falling for several years. This is the case for Renault-Dacia (***).

Number and distribution of automotive sales outlets France, ****-****, in number of outlets Source: ****

The phenomenon of concentration is particularly visible within car dealerships, which is detrimental to small businesses. ...

OFFER ANALYSIS

4.1 The different types of electric vehicles in France

***% electric vehicleselectric vehicles are equipped with an electric motor and a battery that is recharged using electricity from the grid. On the market today, they often have a range in excess of *** km, and more than meet the usual needs of urban travel. These vehicles produce no greenhouse gases (***). Extended-range electric ...

4.2 A wide range of electric vehicle prices

Thanks to a significant drop in prices and an increase in the variety of models available, electric vehicles have become more accessible to a wider public. They are designed to adapt to drivers' lifestyles. A comparison of the best electric cars and their features is provided in the table below.

Source: ...

4.3 Lower electricity prices in the years ahead

According to forecasts by Bloomberg New Energy Finance (***), the price curves for average battery-electric and gasoline-powered vehicles will tend to intersect by ****, with electric vehicle prices set to halve in just six years, in contrast to fossil-fuel vehicles, which would be on a stagnant or even upward slope in terms of ...

4.4 The different types of assistance available for the purchase of electric vehicles

According to ecologie.gouv, in order to encourage the French population to travel in a cleaner way (***), the French government has put in place certain measures to assist the purchase of electric vehicles. These subsidies are aimed at the following categories:

passenger cars (***), with a gross vehicle weight not exceeding *.* tonnes; *,*-wheelers ...

4.5 Battery production, a major challenge for electric mobility

As the battery is one of the most expensive components in an electric vehicle, its production is a crucial issue for automakers.

However, there are different strategies in the industry. While Tesla seeks to produce its batteries in-house at its Gigafactories, other players prefer to outsource battery production to some degree.this ...

REGULATIONS

5.1 Current electric vehicle regulations and charging station standards

The French Ministry of Ecological Transition and Solidarity (***):

Renewal of public fleets: Article ** of the LTECV promotes the development of "clean" vehicles through the application of various decrees (***): decree no. ****-** of January **, **** on obligations for the purchase or use of low-emission vehicles by vehicle fleet managers, motor vehicle rental companies, ...

5.2 The Mobility Orientation Act

In addition, the Loi d'Orientation des Mobilités, known as the "LOM", of December **, **** brings together immediate concrete measures and medium- to long-term objectives. objectives, enabling the government to set a precise target for reducing CO* emissions from transport, with a view to achieving carbon neutrality by ****.

Fleet electrification : private companies ...

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Reviews (4)

Reviews (4)

The ship repair market - France

Publicado en 07/11/2022 by Tymothee Levaillant

Excellent très bien présenté et renseigné.

The market for automatic cash registers - France

Publicado en 11/01/2022 by Malcolm Vincent

Interesting estimate of a fast-growing market mainly centered on mass retailing and specialized distribution, whose development is however slowed down by social problems linked to the disappearance of cashiers. Consumer behavior in front of these automatic checkouts and product typology well analyzed


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The bodywork market - France

Publicado en 25/02/2021 by Lengele

Saves time on researching reliable statistics


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The Glass Fiber Market - France

Publicado en 11/02/2021 by Marc-Henri Mignon - Insights & Synergies Conseils

An interesting price-quality ratio to enter a new market


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