Research and Markets: Supercharged France to Be Key Player in Electric Vehicle Battery Production Boom


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DUBLIN--uly 22, 2013: Research and Markets (EV Batteries ) has announced the addition of the "Electric Vehicle Battery Market - Market Size, Investment Analysis, and Forecast to 2020" report to their offering.

“Electric Vehicle Battery Market - Market Size, Investment Analysis, and Forecast to 2020”

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 consulting firm The authors.

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, The authors expects France's share of the global EV battery market to surge from a modest 3.7% in 2012 to 16.2% in 2020.

Companies Mentioned

A123 Systems

Automotive Energy Supply Corporation

EnerDel

GS Yuasa International Ltd

Hitachi Vehicle Energy

Johnson Controls

LG Chem Power Inc.

Panasonic Corporation

Primearth EV Energy Co Ltd

Robert Bosch Battery Systems

For more information visit EV Batteries

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Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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