Economy

Electric cars: France is targeting 800,000 sales by 2027 to reach 45% market share.

The French government has agreed with the automobile industry to target 800,000 sales of electric cars by 2027, as part of a sector contract published on Sunday May 5. This objective almost amounts to tripling sales in four years and reaching 45% market share. Nearly 300,000 electric cars were sold in 2023. The aim is to prepare for the European shift in 2035 towards sales of new 100% electric cars.

The French government and the automotive industry are reaffirming their confidence in this energy transition, while the electric car market has slowed its growth in Europe at the start of 2024. “We will maintain this policy, confirming the strategic choices that have been made, and will respond to the difficulties that may arise here or there, without changing course”underlined the Minister of the Economy Bruno Le Maire.

The sector contract also mentions an ambitious objective concerning vans, which are just beginning their transition. The sector plans to multiply sales of 100% electric or hydrogen light utility vehicles sixfold by 2027, to go from 16,500 vehicles sold in 2022 to more than 100,000 at the end of 2027. To meet the objectives, the public authorities are commit to “continue support measures for the purchase and long-term rental of new zero-emission vehicles”via the ecological bonus on the purchase or leasing of electric cars.

The amount of subsidies allocated to each vehicle will, however, have to continue to be “adjusted” as the market grows, since the envelope of 1.5 billion euros devoted to these devices in 2024 will not increase. So that these electric cars can be connected, the State has also confirmed its objective of 400,000 charging points in 2030. The Advenir program which supports their construction will be renewed and allocated an additional 200 million euros.

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  • Source of information and images “francetvinfo

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