The report of France Electric Vehicle Market by Motor Type (Alternating Current (AC) Motor, Direct Current (DC) Motor) and Vehicle Type (Passenger Car, Commercial Vehicle, two-wheelers) is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
Key players operating in the France Electric Vehicle Market, BMW, Mercedes Benz, Bollinger, Bollore, Microlino, Mitsubishi, Nissan, Peugeot, Smart, Tesla, ABB, Eaton, AVL, Alfen, Delphi Automotive, Volkswagen.
French President Emmanuel Macron announced an €8 Bn ($8.8 Bn) proposal on 16th June 2020 to recover the country’s auto industry in the wake of the COVID-19 pandemic. Increasing production & sales of EVs is central to the plan. Auto sales in France fell by about 90 percent in April compared to a year earlier. France will face fierce competition from Germany. France would rise buyer incentives to buy an electric car to €7,000 from €6,000. The aid is also anticipated to include incentives for people to scrap their old vehicles & buy a lower-emission model.
For those in France looking to buy an electric car, the state subsidy is to rise from 6,000 to 7,000 euros now, valid up to a list price of 45,000 euros, only for private consumers & only in the period from June 1 to December 31, 2020. For commercial purchases of electric cars, the premium growths from 3,000 to 5,000 euros in 2019, more than half of the new car purchases were made by commercial owners. In both cases, the list value of the chosen vehicle must not surpass 45,000 euros profit from the full premium.
For electric cars which price between 45,000 & 60,000 euros, the bonus is 3,000 euros from 60,000 euros, no bonus at all is approved. Anyone who earns less than 18,000 euros a year, decommissions their old combustion engine & procures a new e-car can also expect a bonus of 5,000 euros as part of the prime à la conversion, i.e. they receive a total of 12,000 euros from the state for the production of a purely electric car. For plug-in hybrids, there is a bonus of 2,000 euros from an e-range of 50 km and up to a list price of 50,000 euros, & the number of charging points in France is to be tripled to 100,000 by the end of 2021.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about France Electric Vehicle Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in France Electric Vehicle Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain France Electric Vehicle Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “France Electric Vehicle Market.”
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