21st July 2024

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October noticed plugin EVs take 26.5% share of the French auto market, a rise from 22.4% share, yr on yr. The quantity of full electrical gross sales grew over 1.5x YoY.  Total auto quantity was 152,383 items, up some 22% YoY, although nonetheless under pre-2020 norms. France’s finest promoting full electrical in October was the Dacia Spring.

EVs Take 26.5% ShareOctober noticed mixed plugin EVs take 26.5% share, comprising 16.7% full battery electrics (BEVs), and 9.8% plugin hybrids (PHEVs). These examine with YoY figures of 22.4%, with 13.5% BEV, and eight.9% PHEV.

Yr so far, the cumulative share of BEVs has reached 16.0% (PHEVs, 9.1%), in contrast with 12.8% (PHEVs, 8.1%) at this level final yr. That is pretty modest development in share YoY, although it comes in opposition to a background of recovering general auto market quantity (up 16.5% YTD).

If we give attention to EV quantity development — it has been stronger than different powertrains — with BEVs seeing 1.48x YoY quantity features YTD, to 230,088 items. Even PHEV quantity has grown 1.32x to 131,353 items, YTD.

By comparability, plugless hybrids (HEVs, together with gentle hybrids) have grown quantity 1.29x to only over 344,000 items YTD.

Mixed combustion-only powertrains (petrol, diesel, different fuels) have solely seen modest restoration of 1.03x YTD, to only over 735,000 items.

Diesel-only powertrains spent their fifth consecutive month at beneath 10% market share:

EVs Take 26.5% Share


October’s bestselling BEV was the Dacia Spring, with 3,291 items, returning to the highest spot it final held again in July.

The runners-up have been the Fiat 500e (1,887 items) and the MG4 (1,864 items).

The Tesla Mannequin Y was in its ordinary start-of-quarter low quantity, however stays the year-to-date BEV chief (and eighth general bestselling auto in France) at 29,291 items, some 20% forward of the Dacia Spring’s complete.

We at present solely have clear information for the highest 10 BEVs, so can’t determine a lot when it comes to newer fashions rising on to the French market.

Anecdotally, nonetheless, it appears that evidently Stellantis’ new companion, Leapmotor, bought 33 items of the still-somewhat-new Leapmotor T03 in October. This diminutive BEV is priced round €26,000 (pre-incentives), and is a Renault Twingo and Dacia Spring competitor, although with higher vary of 280 km WLTP (vs. the Twingo’s 190 km, and Spring’s 230 km). We will anticipate many extra to come back, now that Stellantis is on board as a companion of Leapmotor.

https://ueapp-oss-static.leapmotor.com/img/web/rich_text/20200511/1194d10290354b1d89d7ecb9909f5a56.jpgLeapmotor T03 EV. Picture by Leapmotor.

In the meantime, in different snippets of reports, Lotus bought 29 of its new Eletre mannequin in October, and Fisker broke the ice with an preliminary single unit of the brand new Fisker Ocean. For these within the know, please share different anecdotes on newer fashions, within the feedback under.

Let’s check out the three month image:

Right here, the Tesla Mannequin Y’s long-term lead is extra clear, though the Dacia Spring, and Peugeot e-208, refuse to be totally left within the mud, and have respectable quantity of their very own.

Discover that a lot of the prime 10 — besides the 2 Teslas — are small or compact hatchbacks and crossovers, usually most well-liked by the French market.

Given our relatively skinny information sources concerning the progress of rising fashions, we will’t make predictions about which new fashions would possibly climb within the prime 10 within the coming few months.

Within the medium time period, we must always anticipate new-and-affordable releases just like the Renault 5 (someday in 2024), and Renault 4, and the lately introduced Citroën e-C3 (“early 2024”) to every have an excellent probability of approaching the highest 10, maybe even the highest 5. Demand will probably be excessive, their success will rely extra on manufacturing quantity.


The auto market’s 22% YoY development helped hold the broader French economic system in optimistic territory, though newest Q3 information confirmed a slowing to 0.7% GDP development, from 1.1% in Q2. Inflation cooled from 4.9% in September to 4.0% in October. Rates of interest remained flat at 4.75%, the very best in 20 years. Manufacturing PMI rating fell to 42.Eight factors in October, from 44.2 in September.

We will anticipate to see the Dacia Spring expertise a giant push within the ultimate two months, since, beneath the incoming “overall-emissions” guidelines for calibrating incentives (from January 2024), it will likely be considerably disfavoured, as will many different imported BEVs. We should see how this performs out, and which fashions profit from the adjustments.

As mentioned above, the EV share this yr has crept up solely modestly, in opposition to a backdrop of a robust restoration in general auto volumes in comparison with the previous Three years (resulting from a bounce-back from suppressed demand, provide chain fixes… take your choose).

This modest development in share shouldn’t, nonetheless, obscure the truth that EV volumes — and significantly BEV volumes — have been rising strongly, with BEVs up 1.48x yr so far. For the EV transition, manufacturing quantity development is the limiting issue for big markets like France (and Germany, and the UK, amongst others). Small or tiny markets, like Sweden and Norway, can comparatively simply be accommodated with as many BEVs as consumers need, since their quantity requirement continues to be modest in comparison with European (and particularly international) auto manufacturing quantity. EV share can thus develop quickly in small markets, with out a lot constraint.

As soon as general auto market development flattens in France, because it inevitably will, the underlying and inexorable development in BEV manufacturing and provide volumes will translate into far more spectacular progress when it comes to headline market share.

What are your ideas on France’s transition to EVs? Please be part of the dialogue within the feedback part under.


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