Market Size of France Automotive High Performance Electric Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 20.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Automotive High Performance Evs Market Analysis
The France automotive high performance electric vehicle market is expected to register a CAGR of about 20% during the forecasted period (2020 - 2025)
- Growing awareness of vehicle emissions, lower operating and maintenance costs, along with increasing government initiatives to encourage the use of electric vehicles, will drive the growth of high-performance electric vehicles in France. The growing demand for these types of vehicles is primarily due to the increasing popularity of racing events across the world.
- An electric high-performance vehicle (EHPV) is propelled by electricity and is equipped with advance electric vehicle powertrain components and Li-ion batteries with high energy density. Government is also providing monetary benefits such as zero to a very little registration fee and exemption in import tax, purchase tax, and road tax. Apart from providing subsidies, the French government has announced plans to offer some of most generous incentives of any country to buy an electric vehicle, buyers will be eligible to receive up to 12,000 EUR. This was announced on May 27, 2020 when the French government presented an 8 billiion-euro rescue plan for the country's auto industry.
France Automotive High Performance Evs Industry Segmentation
The France automotive high performance electric vehicle market report contains the latest trends and technological developments in the market, demand by vehicle type, power range, and share of major players across the country.
| Vehicle Type | |
| Plug-in Hybrids Electric Vehicles | |
| Pure Electric Vehicles |
| Power Range | |
| High Performance Luxury Vehicle | |
| Sports Vehicles | |
| Others |
France Automotive High Performance Electric Vehicles Market Size Summary
The France automotive high-performance electric vehicle market is poised for significant growth, driven by increasing awareness of vehicle emissions and the benefits of lower operating and maintenance costs. Government initiatives play a crucial role in this expansion, with incentives such as reduced registration fees and tax exemptions encouraging the adoption of electric vehicles. The popularity of racing events globally further fuels the demand for high-performance electric vehicles, which are equipped with advanced powertrain components and high-energy-density Li-ion batteries. Despite challenges like limited vehicle range, advancements in technology are enabling manufacturers to produce electric cars with extended mobility, surpassing previous limitations. Tesla leads the market with its cost-effective yet high-performance models, while other key players like Audi, Ford, and BMW are also entering the segment with their electric offerings.
The market landscape in France is characterized by a few dominant players, including Tesla, Hyundai Motors, Renault SA, Daimler AG, Volkswagen Group, BMW, and Nissan. These companies are heavily investing in electric vehicle development, with significant financial commitments to enhance hybridization, electric mobility, and digitalization. The French government's ambitious climate targets and substantial financial incentives are expected to further stimulate market growth. Additionally, collaborations and strategic partnerships, such as those between Toyota and Kenworth, highlight the industry's focus on zero-emission technologies. As a result, the high-performance electric vehicle market in France is anticipated to experience robust growth during the forecast period, supported by both governmental and corporate efforts to promote sustainable transportation solutions.
France Automotive High Performance Electric Vehicles Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Plug-in Hybrids Electric Vehicles
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2.1.2 Pure Electric Vehicles
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2.2 Power Range
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2.2.1 High Performance Luxury Vehicle
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2.2.2 Sports Vehicles
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2.2.3 Others
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France Automotive High Performance Electric Vehicles Market Size FAQs
What is the current France Automotive High Performance Electric Vehicles Market size?
The France Automotive High Performance Electric Vehicles Market is projected to register a CAGR of greater than 20% during the forecast period (2024-2029)
Who are the key players in France Automotive High Performance Electric Vehicles Market?
Nissan Motor Corporation, Tesla, BMW AG, GM and Toyota Corporation are the major companies operating in the France Automotive High Performance Electric Vehicles Market.
