In 2023, alternative fuel vehicle registrations in France were approximately 0.86 million. From 2024, registrations are forecasted to grow consistently, reaching 1.6197 million by 2028.
The year-on-year growth rates depict a positive trend: a 15.79% increase in 2025, followed by a steady annual rise of around 13-14% up to 2028. The compound annual growth rate (CAGR) over this period is approximately 12.11%, indicating a robust expansion in the alternative fuel vehicle market.
Future trends to watch for:
-The advancement in vehicle technology, improving range and energy efficiency, will likely drive higher adoption rates.
-Government incentives and regulations promoting eco-friendly transportation are expected to further fuel growth.
-The potential impact of economic conditions and consumer preferences on the sustainability of this growth trajectory should be monitored.
