France has been at the forefront of the electric vehicle (EV) revolution, with the country setting ambitious targets to phase out the sale of petrol and diesel cars by 2040. As we move into the month of April, there are some interesting trends emerging in the French EV market.
Increase in Battery Electric Vehicles (BEVs)
According to the latest data from the French Association of Automobile Manufacturers (CCFA), there has been a significant increase in the sales of BEVs in France. In March 2021, BEVs accounted for 9.5% of all new car registrations, up from 7.5% in March 2020. This represents a year-on-year increase of 27%.
This trend is expected to continue in April, with more and more French consumers opting for BEVs as their primary mode of transportation. The reasons for this increase are manifold, but one of the main drivers is the growing awareness of the environmental benefits of electric vehicles. With concerns about climate change and air pollution on the rise, many consumers are looking for cleaner and greener alternatives to traditional petrol and diesel cars.
Decrease in Plug-in Hybrid Electric Vehicles (PHEVs)
While BEVs are on the rise, PHEVs are experiencing a decline in popularity in France. In March 2021, PHEVs accounted for just 2.6% of all new car registrations, down from 3.4% in March 2020. This represents a year-on-year decrease of 23%.
There are several reasons for this decline, including concerns about the limited range of PHEVs and their reliance on fossil fuels for extended journeys. Additionally, many consumers are opting for BEVs instead of PHEVs due to the lower running costs and reduced environmental impact.
Arrival of Spring Season
As we move into the spring season, there are several factors that could impact the French EV market. One of the main drivers is the warmer weather, which could encourage more consumers to consider electric vehicles as a viable option for their daily commute.
Additionally, the French government has recently announced a new incentive scheme to encourage the purchase of electric vehicles. Under the scheme, consumers can receive up to €7,000 in subsidies for the purchase of a new BEV or PHEV. This is expected to further boost the sales of electric vehicles in France and help the country achieve its ambitious targets for reducing carbon emissions.
Conclusion
Overall, the trends in the French EV market for April are positive, with an increase in BEVs and a decrease in PHEVs. With the arrival of the spring season and the introduction of new government incentives, we can expect to see continued growth in the EV market in France. As more and more consumers make the switch to electric vehicles, we can look forward to a cleaner and greener future for all.
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- Source: Plato Data Intelligence: PlatoData