France Electric Powertrain Market Overview, 2029

France Electric Powertrain Market Overview, 2029

Electric powertrains initially appeared in France in the early 2000s, at a moment when air quality and climate change started to become major global issues. The use of electric vehicles (EVs) has been recognized as a critical component in lowering reliance on fossil fuels and reducing urban pollution. The French government began making investments in electric car infrastructure and technology, together with automakers and research organizations, in response to these issues. This paved the way for the growth of the nation's electric powertrain industry. The French electric powertrain market has undergone many significant phases throughout its history. In the beginning of the twenty-first century, government subsidies and incentives encouraged research and development in the field of electric vehicle technology. During the middle of 2010 major advancement was made in battery technology which allows the mass production of lectric vehicles with longer ranges. Popular models like the Nissan Leaf and Renault Zoe were introduced into the French market at this time, which helped increase customer acceptance of electric vehicles. A turning point in the development of the French electric powertrain market occurred in the late 2010s and early 2020s. The government set aggressive goals to encourage the use of electric vehicles and gradually phase out internal combustion engine automobiles. This includes tax breaks, investments in nationwide charging infrastructure, and subsidies for the purchase of electric vehicles. In response, automakers increased the number of electric models they produced and increased the range of electric vehicles they offered. Changes in customer tastes, regulatory actions, and technology developments have all contributed to the growth of the French electric powertrain industry. In terms of technology, there has been a change towards electric motors that are more energy-efficient, better batteries, and upgraded infrastructure for charging. As a result, a larger variety of consumers now find electric vehicles to be more appealing and practical.

According to the research report ""France Electric Powertrain Market Overview, 2029,"" published by Bonafide Research, the France Electric Powertrain market is anticipated to grow at more than 19% CAGR from 2024 to 2029. The French market for electric powertrains is mostly driven by government policy. The French government has taken the lead in encouraging electric cars (EVs) by enacting a number of laws and incentives. These consist of tax breaks, investments in charging infrastructure, and incentives for buying electric vehicles. To encourage the use of electric powertrains, the ""Bonus-Malus"" system, for example, penalises high-emission cars and offers financial incentives for low-emission ones. The desire from consumers is another important factor. Customers are becoming more conscious of environmental concerns and gravitating towards environmentally friendly transportation options. EVs are thought to be a greener and cleaner option for cars than conventional internal combustion engines. Consumer confidence has been strengthened by the growing selection of electric car models and advancements in technology that improve driving range and charging efficiency.

For the French market for electric powertrains to expand steadily, a number of challenges needs to be overcome. The price of electric automobiles is an important challenge. Even while costs have been coming down over time because of economies of scale and advances in battery technology, EVs are often still more expensive up front than traditional cars. Price-conscious buyers may be discouraged from selecting electric powertrains due to this pricing difference, even if they would ultimately save money on gasoline and maintenance. The requirement for more infrastructure development related to charging presents another challenge. Potential EV purchasers continue to be concerned about range anxiety, and one of the most important ways to address this problem is by providing easy and dependable charging stations. With the fact that the French government has been funding the network's expansion, particularly within the big cities and further work is required to provide broad coverage and accessibility along important routes as well.

The quickening pace of technical advancement in battery technology is one such trend. Higher energy density, quicker charging times, and longer lifespans are being achieved by batteries because to developments in battery chemistry and manufacturing techniques. These upgrades are necessary to raise the performance and affordability of EVs to levels that are competitive with those of conventional cars. The diversification of car sectors offering electric powertrains is another significant development. The industry, which was once dominated by passenger cars, is currently growing to encompass electric buses, bicycles, and even commercial vehicles. In addition to increasing market attractiveness, this diversity helps lower emissions in a variety of transportation-related industries.

Many renowned firms play an important part in the electric powertrain market in France, making substantial contributions to the country's automotive and industrial sectors. The Renault Group is a leader in the electric vehicle (EV) market due to its wide selection of EV cars and vans and its commitment to battery technology through Renault Energy Services. With brands like Citroën and Peugeot, PSA Group (now part of Stellantis) has rapidly developed its array of electric vehicles, emphasising both passenger cars and commercial vans. Valeo is a major company that helps keep France at the forefront of innovation in electric mobility. It specialises in automotive technologies like electric powertrains and advanced driver assistance systems (ADAS).

In France, the market for electric powertrains is dominated by the passenger car segment due to a combination of strict pollution rules, government subsidies, and rising consumer awareness of environmental problems. France's aggressive goals for the adoption of electric vehicles (EVs), supported by tax breaks and subsidies for EV owners, demonstrate the country's commitment to lowering its carbon footprint. Leading automakers, like Renault, Peugeot, and Citroën, are putting more and more emphasis on producing electric vehicles, both domestically and abroad. To improve the driving range, battery efficiency, and general performance of their vehicles, these firms are making significant investments in R&D. Consumer confidence in the adoption of electric passenger vehicles has also been greatly increased by the expansion of electric vehicle charging infrastructure throughout France. Hence, it is projected that the passenger car would maintain its strong development trajectory in the upcoming years. Though smaller than that of passenger cars, the commercial vehicle segment in France's electric powertrain industry is growing at an important pace. The main factors for this spike include e-commerce growth, urbanization, and the demand for more environmentally friendly logistics solutions. In an effort to reduce noise and air pollution, electric buses and trucks are growing in popularity in metropolitan areas. Local governments are promoting the usage of electric commercial vehicles by adopting laws along with providing subsidies. To keep up with the growing demand, companies such as Renault Trucks and other European manufacturers are extending their range of electric commercial vehicles. The advancement of stronger and more effective electric powertrains appropriate for heavy-duty applications is opening the door for industries including garbage management, delivery services, and public transit.

France has seen an important rise in the market for electric powertrains due to its steadfast dedication to lowering carbon emissions and advancing sustainable transportation. The battery is a vital component driving this expansion, accounting for a significant amount of the total cost and technological emphasis of electric vehicles (EVs). With the goal of increasing energy density, leading down on charging times, and extending battery life, French businesses and research institutes are making major investments in the latest battery manufacturing. Government incentives and regulations that promote the use of electric vehicles (EVs) by manufacturers and customers alike support this focus on innovation. As a component of the European Battery Alliance, the construction of battery manufacturing facilities in France is expected to improve regional supply chains and decrease dependence on external resources. The power electronic controller, which controls the electrical flow between the battery and the motor/generator, is another essential part. The performance and efficiency of these controllers are being improved in France because to developments in semiconductor technology, which improves total vehicle performance and energy efficiency. Another important component is the motor/generator itself. French firms are creating highly efficient motors that optimise the power output and range of electric vehicles. Power conversion and drivetrain efficiency are the main areas of attention for the evolution of converters and gearboxes. The on-board charger, which is necessary to enable comfortable charging at home and in public, is profiting from improvements in France's charging infrastructure, which are being funded by both public and private investments. France's strong development of electric powertrain components establishes the country as a major participant in the global EV market.

With regards to uses like Battery Electric Vehicles (BEVs) and Hybrid Electric Vehicles/Plug-in Hybrid Electric Vehicles (HEVs/PHEVs), the French market for electric powertrains is expanding significantly as a result of the nation's steadfast dedication to lowering carbon emissions and advancing sustainable transportation. In France, battery-electric vehicles (BEVs) have become increasingly popular due to various government initiatives including tax breaks, purchasing subsidies, and increased infrastructure for charging them. The goal of the French government's programmes, such as the ""Bonus-Malus"" programme, is to increase the affordability and consumer attractiveness of BEVs. For their BEV models, major manufacturers like Renault and Peugeot are substantially investing in the development of modern electric powertrains, which will improve vehicle performance and result in longer driving ranges and quicker charging times. The market's expanding supply of high-performance electric cars and rising customer awareness of environmental problems both contribute to this transition. Both urban and rural consumers choose HEVs and PHEVs because they offer a transitional option for those who want the advantages of electric driving without range anxiety. The French government provides infrastructure investments and a range of incentives to assist this market sector, including the extension of both public and private charging stations. In order to comply with strict European Union laws, French manufacturers are incorporating modern technologies into HEVs and PHEVs to increase fuel efficiency and decrease pollution. Developments in battery technology, which increase the efficiency of HEVs overall and the electric-only range of PHEVs, support the industry even more.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Powertrain market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Vehicle Type
• Passenger Car
• Commercial Vehicle

By Component
• Battery
• Power Electronic Controller
• Motor/Generator
• Converter
• Transmission
• On-Board Charger

By Application
• BEV
• HEV/PHEV

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Powertrain industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.