France Expected to Become a Leader in Global EV Battery Market by 2020

AUG 1 2013 BY ERIC LOVEDAY 6

Renault Will Push France to Beomce a World Leader in Global EV Battery Market

Renault Will Push France to Become a World Leader in Global EV Battery Market

Research and Markets says that France will soon become one of the world leaders in the booming global electric vehicle market.

Renault Logo

Renault Logo

The prediction is that a “strong manufacturing base and incentives for the purchase of electric vehicles will push France to the fore of the global EV battery market.”

According to Research and Markets latest report:

“EV battery market revenue in France will increase exponentially in the coming years, from a modest $380 million in 2012 to $7.2 billion in 2020, representing a dramatic Compound Annual Growth Rate (CAGR) of 44.2%.”

“Such explosive growth will make France a major figure in the global electric vehicle battery market, with only Japan ($10.3 billion) and China ($8.5 billion) forecast to have more valuable markets by 2020.”

Most of the boom in France will be driven by Renault, an automaker who is unmatched in the sheer amount of pure electric vehicle offerings.  Markets and research says that Nissan will play a role in France’s EV battery segment growth, so too will the French Atomic Energy and Alternative Energies Commission.

Finally, Research and Markets predicts that “France’s share of the global EV battery market” will “surge from a modest 3.7% in 2012 to 16.2% in 2020.”

Do you believe that France will only be bested by Japan and China in the EV battery segment by 2020?

Business Wire

Categories: Battery Tech, General

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6 Comments on "France Expected to Become a Leader in Global EV Battery Market by 2020"

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With there heavy nuclear-based electric power grid that has a massive excess of power available at night, they SHOULD be really into EVs. But so far, the results have been tepid.

Plus:

1. The europeans pay way more for gas.
2. The drive times tend to be shorter, because population densities are higher.
3. Much more government support for setting up things like charging stations and rebates.

I suspect europe will be a major take off point for EVs. Battery manufacture? I don’t see it. They’ed farm it out to china.

They will have massive adoption of EVs in the end, the economic force will be irresistible, as it will be in most ‘developed’ countries.

I have been to Europe and $9.00 dollar a gallon gas is real.

unfortunately there seems always to be higher ev prices too.

volt, leaf, focus, model s:
all way more expensive here.

If Renault would bring it here, I would buy a Zoe. I wonder if partner-Nissan would allow that?