BEVs and MHEVs Driving Electric Vehicle Sales in France

Description

The automotive industry is rapidly evolving in terms of technology, as well as tackling environmental issues. Electric vehicles have been introduced as a clean energy initiative, as they have low or zero emissions and have come a long way to become an integral part of OEMs’ business strategies. Automakers are creating separate EV business units to be prepared for the expected EV boom. However, the surge in EV demand will create a massive need for charging infrastructure and safety regulations and standards.

France has been aggressively pushing toward electrification, especially in the automotive and transportation sector. Stringent emission regulations, liberal incentives/subsidies for consumers and manufacturers, high level of localization, concrete safety standards, and an established technology roadmap are few of the key steps taken by the government to ensure the success of electric vehicles.

Major OEMs such as Renault, PSA Group, and Volkswagen have announced ambitious sales targets and are expected to launch a huge number of new and constructive electric vehicle models (from city-suited to long-range and powerful). Charging infrastructure, which is one of the major factors driving EV adoption, is also picking up pace, with many new companies entering the market. It has opened up new business models that enable companies to position themselves either as manufacturers or operators or payment gateways.

The study analyzes the current and future prospects of EV sales by model, by OEM, and by type of vehicle until 2025. It provides insights into how the charging stations will develop and how companies design their strategies to establish a profitable supply chain.