Forecast: Electric Vehicle Registrations in France

Electric vehicle (EV) registrations in France have shown significant growth since 2014, standing at 110.79 thousand in 2023. The most remarkable year-on-year increase was in 2020, with a 202.38% rise. This surge was followed by a notable decrease in 2021 (-50.5%) and a subsequent recovery. The compound annual growth rate (CAGR) for the past five years has averaged at 19.43%.

From 2024 onward, EV registrations are forecasted to continue increasing, reaching 156.3 thousand by 2028, with a projected five-year CAGR of 5.41% and an overall growth rate of 30.16%.

Future trends to watch for include:

• Transition to higher adoption of EVs fueled by technological advancements and supportive government policies.
• Continued improvements in battery technology, leading to longer ranges and reduced charging times.
• Increased infrastructure developments such as more charging stations across urban and rural areas.
• Potential shifts in consumer preferences driven by environmental concerns and cost savings.