Supercharged France to Be Key Player in Electric Vehicle Battery Production Boom

Wednesday 24 July 2013, Amsterdam

A strong manufacturing base and incentives for the purchase of Electric Vehicles (EVs) will push France to the fore of the global EV battery market, says research and a consulting firm.

According to the company’s latest report, EV battery market revenue in France will increase exponentially in the coming years, from a modest $380m 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.

France is home to a number of significant battery and EV manufacturers, with Renault in particular expected to play a key role in the development of the country’s battery industry. The French car maker, in collaboration with Nissan and the French Atomic Energy and Alternative Energies Commission (CEA), is currently building a factory outside Paris with an annual production capacity of 100,000 to 350,000 EV batteries.

Furthermore, France has improved tax incentives aimed at popularizing EVs that will correspondingly boost the country’s battery market. In August 2012, the government increased the bonus for those purchasing low-carbon emission vehicles from up to €5,000 to €7,000 – a move expected to help France meet its target of 2 million electric cars on its roads by the end of the decade.

Taking into account the country’s commitment to the promotion and adoption of electric vehicles, we expects France’s share of the global EV battery market to surge from amodest 3.7% in 2012 to 16.2% in 2020.

This report provides key provides insights into the market scenario related to electric vehiclebatteries.This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by a team of industryexperts.