French carmakers target fourfold jump in EV sales by 2027

📆 06/05/2024 11:40:00
📰 Reuters

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REPI:TECHNOLOGY,RATI:ADAS-AV-SAFETY,RATI:ELECTRIC-BATTERY

France's car industry will aim to ramp up electric car sales fourfold by 2027 under a strategy agreement to be signed with the government on Monday, just as the president of China embarks on a state visit in the country.

Item 1 of 2 Stocks of new cars are parked in a lot, at Walon France automobile transport company in Hordain, northern France, May 26, 2020. REUTERS/Pascal Rossignol/File PhotoStocks of new cars are parked in a lot, at Walon France automobile transport company in Hordain, northern France, May 26, 2020. REUTERS/Pascal Rossignol/File Photo

French President Emmanuel Macron has set a goal for the nation's carmakers to produce two million electric or hybrid vehicles by the end of the decade, even as they face tough competition from top producer China. Additionally, carmakers will aim to increase sales of electric light utility vehicles to 100,000 annually over the same period, from only 16,500 in 2022.

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