France EV Battery Pack Market Size

The France EV Battery Pack Market is experiencing significant growth, driven by government initiatives to promote electric vehicle adoption and technological advancements in battery manufacturing. The market's expansion is supported by decreasing battery costs and the development of higher energy-density batteries. As the market continues to evolve, the average battery pack capacity and range are expected to increase, contributing to the overall growth trajectory of the market.

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France EV Battery Pack Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.22 Billion
svg icon Market Size (2029) USD 4.38 Billion
svg icon Largest Share by Propulsion Type BEV
svg icon CAGR (2024 - 2029) 14.57 %
svg icon Fastest Growing by Propulsion Type BEV

Major Players

France EV Battery Pack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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France EV Battery Pack Market Analysis

The France EV Battery Pack Market size is estimated at 2.22 billion USD in 2024, and is expected to reach 4.38 billion USD by 2029, growing at a CAGR of 14.57% during the forecast period (2024-2029).

2.22 Billion

Market Size in 2024 (USD)

4.38 Billion

Market Size in 2029 (USD)

237.25 %

CAGR (2022-2023)

14.57 %

CAGR (2024-2029)

Largest Segment by Body Type

94.28 %

value share, Passenger Car, 2023

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The strong presence of passenger vehicles reflects the increasing consumer demand for electric cars as a sustainable and eco-friendly alternative.

Largest Segment by Propulsion Type

86.93 %

value share, BEV, 2023

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The growing demand for BEV battery packs underscores the country's significant strides in adopting electric vehicles as a key component of its automotive landscape.

Largest Segment by Battery Chemistry

51.53 %

value share, NMC, 2023

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NMC battery chemistry dominates electric vehicle battery pack market, with its high energy density and improved performance characteristics driving its popularity.

Largest Segment by Battery Form

51.22 %

value share, Prismatic, 2023

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The prismatic battery form dominates France's electric vehicle battery pack market, offering flexibility and efficient space utilization for enhanced performance and range.

Leading Market Player

21.70 %

market share, Groupe Renault, 2022

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Renault has formed strategic partnerships to enhance its capabilities in battery technology and production. A notable partnership is with LG Chem, a leading battery manufacturer, which supplies high-quality lithium-ion batteries for Renault’s EVs.

France's electric vehicle battery pack market may surge as EV adoption targets 1.4 million vehicles by 2025

  • The French electric vehicle (EV) battery pack market has grown significantly in recent years. As of 2020, there were approximately 250,000 EVs on French roads, with the number projected to increase to over 1.4 million by 2025. The French government has set a target of phasing out the sale of new gasoline and diesel cars by 2040, which is expected to drive the adoption of EVs in the country. The government is offering various incentives to encourage the purchase of EVs, including subsidies and tax credits.
  • The average battery pack capacity for an EV in France was approximately 50 kWh in 2020, with a range of around 240 km. Battery costs have been decreasing steadily, with the cost per kilowatt-hour dropping from USD 1,100 in 2010 to approximately USD 137 in 2020. This trend is projected to continue, with some estimates suggesting that battery costs could fall to as low as USD 58 per kilowatt-hour by 2030. There has been a trend toward higher energy-density batteries, with some manufacturers developing battery packs with a density of over 300 Wh/kg.
  • The French electric vehicle battery pack market is expected to continue its rapid growth in the coming years, driven by technological advancements and improvements in manufacturing processes. During the forecast period, the average battery pack capacity for an EV in France is projected to increase to around 75 kWh, with a range of up to 405 km. Battery costs are expected to continue their downward trend, falling to approximately USD 100 per kWh by 2025. The trend toward higher energy-density batteries is also projected to continue, with some manufacturers aiming to develop battery packs with a density of over 400 Wh/kg.
France EV Battery Pack Market

France EV Battery Pack Industry Segmentation

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.

  • The French electric vehicle (EV) battery pack market has grown significantly in recent years. As of 2020, there were approximately 250,000 EVs on French roads, with the number projected to increase to over 1.4 million by 2025. The French government has set a target of phasing out the sale of new gasoline and diesel cars by 2040, which is expected to drive the adoption of EVs in the country. The government is offering various incentives to encourage the purchase of EVs, including subsidies and tax credits.
  • The average battery pack capacity for an EV in France was approximately 50 kWh in 2020, with a range of around 240 km. Battery costs have been decreasing steadily, with the cost per kilowatt-hour dropping from USD 1,100 in 2010 to approximately USD 137 in 2020. This trend is projected to continue, with some estimates suggesting that battery costs could fall to as low as USD 58 per kilowatt-hour by 2030. There has been a trend toward higher energy-density batteries, with some manufacturers developing battery packs with a density of over 300 Wh/kg.
  • The French electric vehicle battery pack market is expected to continue its rapid growth in the coming years, driven by technological advancements and improvements in manufacturing processes. During the forecast period, the average battery pack capacity for an EV in France is projected to increase to around 75 kWh, with a range of up to 405 km. Battery costs are expected to continue their downward trend, falling to approximately USD 100 per kWh by 2025. The trend toward higher energy-density batteries is also projected to continue, with some manufacturers aiming to develop battery packs with a density of over 400 Wh/kg.
Body Type
Bus
LCV
M&HDT
Passenger Car
Propulsion Type
BEV
PHEV
Battery Chemistry
LFP
NCA
NCM
NMC
Others
Capacity
15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form
Cylindrical
Pouch
Prismatic
Method
Laser
Wire
Component
Anode
Cathode
Electrolyte
Separator
Material Type
Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
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France EV Battery Pack Market Size Summary

The French electric vehicle (EV) battery pack market is experiencing substantial growth, driven by increasing adoption of EVs and supportive government policies aimed at phasing out gasoline and diesel vehicles by 2040. The market is characterized by a shift towards higher energy-density batteries and advancements in battery technology, which are expected to enhance the performance and reduce the costs of EV battery packs. The French government is actively promoting EV adoption through incentives such as subsidies and tax credits, which are contributing to the rising number of EVs on the road. The market is competitive, with major players like Renault, Toyota Group, Peugeot, Hyundai, and Kia dominating the landscape. These companies are leveraging their strong brand presence and extensive service networks to capture significant market shares.

The demand for electric vehicles in France is on the rise, particularly for electric compact SUVs, as consumer preferences shift towards sportier and more adventurous driving experiences. Models like the Renault Arkana and Captur have seen notable sales growth, reflecting the increasing popularity of electric SUVs that offer a blend of efficiency and affordability. International brands are also expanding their portfolios in the French market, with models such as the Toyota Yaris hybrid gaining traction. The market is fragmented, with key players like BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Groupe Renault, Samsung SDI Co. Ltd., and Tesla Inc. holding significant positions. Recent developments, such as CATL's expansion into local battery cell production in Germany and its carbon neutrality achievements, highlight the ongoing advancements and strategic investments in the EV battery sector.

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France EV Battery Pack Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Body Type

      1. 1.1.1 Bus

      2. 1.1.2 LCV

      3. 1.1.3 M&HDT

      4. 1.1.4 Passenger Car

    2. 1.2 Propulsion Type

      1. 1.2.1 BEV

      2. 1.2.2 PHEV

    3. 1.3 Battery Chemistry

      1. 1.3.1 LFP

      2. 1.3.2 NCA

      3. 1.3.3 NCM

      4. 1.3.4 NMC

      5. 1.3.5 Others

    4. 1.4 Capacity

      1. 1.4.1 15 kWh to 40 kWh

      2. 1.4.2 40 kWh to 80 kWh

      3. 1.4.3 Above 80 kWh

      4. 1.4.4 Less than 15 kWh

    5. 1.5 Battery Form

      1. 1.5.1 Cylindrical

      2. 1.5.2 Pouch

      3. 1.5.3 Prismatic

    6. 1.6 Method

      1. 1.6.1 Laser

      2. 1.6.2 Wire

    7. 1.7 Component

      1. 1.7.1 Anode

      2. 1.7.2 Cathode

      3. 1.7.3 Electrolyte

      4. 1.7.4 Separator

    8. 1.8 Material Type

      1. 1.8.1 Cobalt

      2. 1.8.2 Lithium

      3. 1.8.3 Manganese

      4. 1.8.4 Natural Graphite

      5. 1.8.5 Nickel

      6. 1.8.6 Other Materials

France EV Battery Pack Market Size FAQs

The France EV Battery Pack Market size is expected to reach USD 2.22 billion in 2024 and grow at a CAGR of 14.57% to reach USD 4.38 billion by 2029.

In 2024, the France EV Battery Pack Market size is expected to reach USD 2.22 billion.

France EV Battery Pack Market Report Snapshots