Batteries are mainly divided into two types, which are primary batteries or single-use batteries, which cannot be recharged. Examples of primary batteries are dry cells and alkaline batteries. The second type of battery is secondary batteries, or rechargeable batteries. Its examples include Nickel-Cadmium (NiCd), lead acid, and lithium-ion batteries. Electrical vehicles, also referred to as BEVs, PHEVs, and HEVs, all use electricity to improve vehicle efficiency. Even though some of the vehicles still use liquid fuels in addition to electricity, among these three, they function mostly on electricity. BEVs and PHEVs are also known as Plug-in Electric Vehicles (PEVs). These EVs consist of one major component, which is the heart of the EV and without which EVs cannot be thought of. They are electric vehicle batteries (EVBs) or traction batteries. These EV batteries are secondary batteries which are rechargeable after their life cycle again for their functioning. Typically, lithium-ion batteries are the most commonly used EV batteries as they are specifically designed for high electric charge capacity. The major difference between these EV batteries and traditional Starting, Lighting, and Ignition (SLI) batteries is that they are designed in such a way that they provide power over a sustained period of time. They are also known as deep-cycle batteries.
France, being one of the major countries in Europe, is progressing at a very good rate in the electric vehicle battery market. This is because of the growth of EVs there, as France ranks seventh among all the countries in the world with 6.5 EVs per capita per 1,000 residents in 2020. There were seven European countries among the top 10, which shows the adoption of EVs there. Since 2008, the French government has adopted a bonus-malus system, offering financial incentives for the purchase of low-emission vehicles and a fee for the purchase of high-emission vehicles. Amendments are made to this from time to time depending on the situation and adoptability. Recently in 2019, France, being a part of Europe, has also launched a "Green Deal policy" with the aim of reducing carbon emissions by more than 30%, which will lead to achieving the target of carbon neutrality by 2050. This has led to enormous adoption of BEVs among people, which will also drive the growth of the EV battery market.
According to the report titled "France Electric Vehicle Battery Market Overview, 2027", published by Bonafide Research, the French EV battery market is growing at a very good rate. The French EV battery market is expected to grow with a CAGR of more than 18% during the forecasted period. This is because of the initiatives by the government and automotive players with OEMs in the battery market to reduce the reliance of foreign countries outside of the European Union for battery manufacturing. Currently, there is great reliance on the raw materials procurement part and in other steps of the value chain, so various efforts are being undertaken for the establishment of a domestic supply chain with the establishment of giga factories, which are at various stages in different parts of Europe. In France, two gigafactories for EV battery manufacturing are being established currently, which include one gigafactory being established by a strategic partnership between Renault Group and Verkor and AESC (occupied by Envision Group) with a capacity of 9 GWh by 2024 and plans to expand it to 30 GWh by 2030. The other one is by ACC, a joint venture between TotalEnergies subsidiary Saft with a partnership by Stellantis. This will reduce the dependence on Asian and North American countries for EV batteries and will promote the growth of the battery market in France.
Based on division by battery types, the market for EV batteries is divided into Lithium-ion batteries, which account for the largest market share due to their large use in EVs as they have properties of high energy capacities and efficiencies, high power to weight ratio, good temperature performance, and low self-discharge. Research and development are ongoing to reduce their relatively high cost, extend their useful life, and address safety concerns in regard to overheating. This led to their increased adoption in EVs. The other types are nickel metal hydride (NiMH) batteries, sodium ion batteries, and solid-state batteries. The division based on propulsion types includes battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs). BEVs are expected to grow at a higher rate due to the increasing number of launches of various battery electric vehicle models by the manufacturers. A battery electric vehicle is a pure electric vehicle that utilizes the chemical energy stored in the rechargeable battery packs. This type of vehicle uses motor controllers and electric motors for propulsion, unlike an ICE vehicle that uses an internal combustion engine and fuel for operation.
Based on the segmentation by vehicle types, the market is divided into passenger vehicle types and commercial vehicle types. In this region, passenger electric vehicles are leading the market share. Stringent emission norms in the country are pushing demand for electric vehicles and growing demand for commercial vehicles in the country is driving the electric commercial vehicle types' growth in France. In 2018, Flixbus launched the first long-distance electric bus route in France. Moreover, in France, the number of publicly accessible charging stations is increasing every year, whether it's normal power charging or high-power charging stations, which will further boost the electric commercial vehicle types. The trend of the establishment of giga-factories is in full swing in many European countries, like France, as Renault Group enters into a strategic partnership with Envision AESC as it sets up a gigafactory in Douai, close to Renault ElectriCity, to support the manufacture of the latest technology EV batteries to make electrical mobility more accessible in Europe.
There was a huge impact on the economies of the countries all over the world due to the COVID-19 outbreak, which caused a widespread economic downturn. There were strict lock-downs all over the world to curb the infection, which led to disruptions in the supply chain all over Europe as they relied very much on raw materials from Australia, Asian and North American countries, due to which the growth was hindered. Furthermore, shifts in consumer purchasing behaviour due to the pandemic's uncertainty are expected to have significant consequences for the industry's near-future growth. However, immediately after this, efforts are underway to address these issues.
Considered in this report
• Geography: France
• Historical year: 2016
• Base year: 2021
• Estimated year:2022
• Forecast year: 2027
Aspects covered in this report
• France electric vehicle battery market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Five force models.
• Top-profiled companies
• Strategic recommendation
By battery type
• Lithium-ion battery
• Lead-acid battery
• Others (Solid-state battery, Sodium-ion battery, Nickel metal hydride battery)
By propulsion type
• Battery Electric Vehicle (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Hybrid Electric Vehicles (HEVs)
By the vehicle type
• Passenger Vehicle type
• Commercial Vehicle type
The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, analyzing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. After this, we have started making primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle battery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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