France Electric Vehicle Battery Market

Electric vehicle battery is one of the key elements of any electric vehicle. The lifespan of the electric vehicle battery depends on the energy density, which is a measure of how much amount of energy a battery can hold, and the higher the energy density is, the longer battery will last before it needs to be recharged. The electric vehicles get the power directly from the pack of battery, which comprises of thousands of individual battery cells working together. When an electric vehicle is charging, the electricity is used for making the chemical changes inside the battery and when it is on the road, these changes are reversed for the production of electricity.

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The key factors propelling the growth of the France electric vehicle battery market includes the increasing government investments and support for boosting the production of electric vehicle battery so as to reduce the reliance on Asia suppliers. For instance, in July 2019, the French government planned to invest €700 million over the next five years to ensure France to become a leader in electric vehicle battery technology. France and Germany entered into an agreement to invest jointly in the production of the electric vehicle battery along with the aim to export the batteries internationally. The rise in the production of electric vehicles owing to the growing environmental concerns and the rules on cutting the carbon emissions is leading to increase in demand for the electric vehicle battery market in the country. Additionally, the rising government incentives for the manufacturers for the production of ultra-low emission vehicles and batteries will propel the growth of electric vehicle battery market. The factors restraining the growth of electric vehicle battery market include the lack of awareness among the consumers of the added advantages of electric vehicles over the internal combustion model and the lack of proper charging infrastructure for such vehicles.

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On the basis of battery type, the lithium-ion battery is anticipated to grow at a higher rate during the forecast period owing to its increased preference by the manufacturers of electric vehicles. This is due to the advantages offered by lithium-ion battery such as high energy density, lightweight, low maintenance & less space requirements.

Based on propulsion type, battery electric vehicle is projected to grow at a higher rate during the forecast period owing to the rising launch of various battery electric vehicle models by the manufacturers. The electricity cost that is associated with operating a battery electric vehicle over a distance of a mile is significantly lower than the cost of gasoline required to operate a comparable internal combustion engine vehicle over the same distance which also fuels the market growth of this segment. A battery electric vehicle is a pure electric vehicle that utilizes the chemical energy stored in the rechargeable battery packs. This type of vehicle uses motor controllers and electric motor for propulsion, unlike an ICE vehicle that uses the internal combustion engine and fuels for the operation.

Based on vehicle type, the electric car is expected to grow at a higher rate during the forecast period owing to the increased demand from consumers in the country. Improving living standards and increasing government support for the adoption of electric vehicles is driving the market growth of this segment.

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Various notable players operating in the France electric vehicle battery market include Nissan, Saft Groupe S.A., ElecSys France, Liten CEA Tech, Tesla Inc., Groupe PSA, Renault, CEA (French Atomic Energy and Alternative Energies Commission), and Opel among others.

Key Market Developments:

• • In 2019, Nissan launched a Nissan City-Hub in Paris, France which is a concept store focussed on e-commerce and has the latest technological solutions for mobility to enhance the offline and online experience. This also offers opportunities to the customers to discover an innovative energy storage solution, which uses the batteries of recycled and new electric vehicles from Nissan and other solutions.
  • In 2018, Saft aimed for the production of next-generation lithium-ion batteries with its four-way European alliance from the year 2020. Saft, Siemens, Manz and Solvay teamed for the development of high-density liquid electrolyte lithium-ion and solid-state batteries.

The France electric vehicle battery market has been segmented on the basis of battery type, propulsion type, and vehicle type. Based on battery type, the market is segmented into lead acid battery, lithium-ion battery, nickel-metal hydride battery and solid state battery. Based on propulsion type, the market is segmented into battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle. The vehicle type market is segmented into two-wheelers, three-wheelers, electric cars and electric buses & trucks.

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Key questions answered in this research report:

• • At what pace is the France electric vehicle battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the France electric vehicle battery market? What will be the impact of drivers and restraints in the future?
  • What is the various type of batteries used in the electric vehicles in the France market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

France Electric Vehicle Battery Market by Battery Type

• • Lead Acid Battery
  • Lithium-Ion Battery
  • Nickel-Metal Hydride Battery
  • Solid State Battery

France Electric Vehicle Battery Market by Propulsion Type

• • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Hybrid Electric Vehicle

France Electric Vehicle Battery Market by Vehicle Type

• • Two-Wheelers
  • Three-Wheelers
  • Electric Cars
  • Electric Buses & Trucks

Leading market players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nissan
  • Saft Groupe S.A.
  • ElecSys France
  • Liten CEA Tech
  • Tesla Inc.
  • Groupe PSA
  • Renault
  • CEA (French Atomic Energy and Alternative Energies Commission)
  • Opel