French President Emmanuel Macron has set a goal for the country’s automakers to produce two million units by the end of the decade.
The french automobile industry will try to quadruple sales electric cars for 2027 under a strategic agreement to be signed with the Government on Monday, just when the president of China embarks on a state visit to the country.
The French president, Emmanuel Macronhas set a goal for the country’s automakers to produce two million electric or hybrid vehicles by the end of the decade, even as they face stiff competition from top producer, China.
France will quadruple sales of electric cars by 2027
Under a new medium-term planning agreement with the Governmentthe sector will agree on a provisional target of 800,000 electric vehicle sales by 2027, compared to 200,000 in 2022, according to a report from the Ministry of Economy.
In addition, manufacturers will try to increase sales of electric light utility vehicles up to 100,000 annually in the same period, compared to 16,500 in 2022.
French carmakers are rushing to put more electric models on the roads after their Chinese competitors snatched primacy from the start, with rapid market share gains only recently reversed after the government renewed its plan to premiums to consumers to encourage the purchase of cars manufactured in Europe.
Almost 20% of new cars sold in France are electricbut only 12% of them are manufactured in the country.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
