In 2023, the total support on end-use electricity for transportation in France was below the forecast values for 2024, highlighting a growth trajectory in the sector. The anticipated values for 2024 through 2028 show a consistent annual increase in Million US Dollars with the year-on-year variations expected to rise steadily. A compound annual growth rate (CAGR) analysis over this period reflects a significant uptick, demonstrating robust growth over the forecast period.
Future trends to watch for:
- Increased investment in EV infrastructure could accelerate the growth rate of electricity use in transportation.
- Potential policy changes aimed at reducing carbon emissions may further increase electricity demand in this sector.
- Advances in battery technology may lead to more efficient electricity use in transportation.
- Market volatility and energy supply chain issues could impact forecast accuracy.