{"id":46708,"date":"2025-03-20T10:14:00","date_gmt":"2025-03-20T09:14:00","guid":{"rendered":"https:\/\/personal-finance.bnpparibas\/?p=46708"},"modified":"2026-08-20T11:25:04","modified_gmt":"2026-08-20T09:25:04","slug":"mobility-consumption-minute-march-2025-carmakers-ecommerce","status":"publish","type":"post","link":"https:\/\/personal-finance.bnpparibas\/en\/mobility-consumption-minute-march-2025-carmakers-ecommerce\/","title":{"rendered":"March 2025 Mobility &amp; Consumption Minute: carmakers gain breathing room as e-commerce hits a record"},"content":{"rendered":"<div class=\"container\">\n<div class=\"wp-block-group has-green-dark-background-color has-background is-layout-constrained wp-container-core-group-is-layout-e3964afe wp-block-group-is-layout-constrained\" style=\"border-top-left-radius:28px;border-top-right-radius:28px;border-bottom-left-radius:28px;border-bottom-right-radius:28px;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--60);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)\">\n<p class=\"has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"color:#ffffff\">Every month, the&nbsp;<strong>Mobility Minute<\/strong>&nbsp;and the&nbsp;<strong>Consumption Minute<\/strong>&nbsp;explore two major trends transforming consumer behaviour in France and across Europe.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"color:#ffffff\">Presented by Flavien Neuvy, economist and Director of the Cetelem Observatory, these two analyses provide a one-minute overview of the developments shaping the mobility and consumer markets.<\/p>\n<\/div>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In March 2025, two developments stand out:<\/p>\n<\/div>\n\n<div class=\"container\">\n<ul class=\"wp-block-list\"><div class=\"container\">\n<li class=\"has-green-dark-color has-text-color has-link-color wp-elements-3\"><strong>The European Commission has given carmakers more time to meet their CO2 targets;<\/strong><\/li>\n<\/div>\n\n<div class=\"container\">\n<li class=\"has-red-color has-text-color has-link-color wp-elements-4\"><strong>French e-commerce reached&nbsp;\u20ac175 billion, with growth this time driven by transaction volumes rather than inflation.<\/strong><\/li>\n<\/div><\/ul>\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>Mobility Minute: more time for European carmakers<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In early March, the European Commission announced greater flexibility in the application of CO2 targets for car manufacturers.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Carmakers that had been expected to meet particularly demanding targets from 2025 will now have a&nbsp;<strong>three-year period over which to achieve compliance<\/strong>.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">The underlying issue is largely mathematical.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Meeting the target would have required electric vehicles to account for around&nbsp;<strong>25% of new-car sales in 2025<\/strong>.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Demand has not yet reached that level.<\/p>\n<\/div>\n\n<div class=\"container\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"iframe-wrapper\"><iframe title=\"Vid\u00e9o Youtube - Mobility Minute #5 | Relief for European car manufacturers\" src=\"https:\/\/www.youtube.com\/embed\/qV1M3bsMd5A?feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>What you need to know<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">\u2013 the European Commission announced the change in\u00a0<strong>early March 2025<\/strong><br>\u2013 car manufacturers were given a\u00a0<strong>three-year compliance window<\/strong>\u00a0for the CO2 targets<br>\u2013 electric vehicles would have needed to represent around\u00a0<strong>25% of sales in 2025<\/strong>\u00a0to meet the initial trajectory<br>\u2013 failure to meet the targets could have resulted in fines amounting to billions of euros<br>\u2013 European new-car sales volumes remain below their 2019 level<br>\u2013 environmental organisations argue that greater flexibility could result in higher CO2 emissions<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">To understand why the original target was proving difficult to reach and what this adjustment could mean for the next phase of the transition:<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">?&nbsp;<strong>Discover the full analysis on the Cetelem Observatory<\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\"><strong>Find out about the latest Auto 2025 study by l&#8217;Observatoire Cetelem<\/strong><\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In 2011, l&#8217;Observatoire Cetelem de l&#8217;Automobile took an interest in the under-30s, then called the &#8220;Generation Y&#8221;.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Nearly 15 years later, it looks at Generation Z, who succeeded them, in a new study that evaluates their relationship with the automobile in a context of market downturn, slowing inflation and debates on the transition to electric.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Carried out in 14 countries, among 16,000 people, the study by l&#8217;Observatoire de l&#8217;Auto 2025 is rich in lessons.<\/p>\n<\/div>\n\n\n<div class=\"container\">\n\n    <div class=\"my-3 text-center\">\n\n        <a id=\"block_90f813b67dda9f9259316d712438ff31\" href=\"https:\/\/observatoirecetelem.com\/en\/automobile-en\/observatoire-auto-2025\"   class=\"btn btn-border\">\n            Find out about the latest Auto 2025 study\n                    <\/a>\n\n    <\/div>\n\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong><strong>Consumption Minute: who will actually pay US tariffs?<\/strong><\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">According to figures published by&nbsp;<strong>FEVAD<\/strong>, online sales in France reached&nbsp;<strong>\u20ac175 billion in 2024<\/strong>, an increase of 10%.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">One detail makes this growth particularly significant compared with previous years:<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\"><strong>the increase was driven by a 10% rise in the number of transactions rather than primarily by inflation.<\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">Consumers are not simply paying more.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">They are buying online more often.<\/p>\n<\/div>\n\n<div class=\"container\">\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"iframe-wrapper\"><iframe title=\"Vid\u00e9o Youtube - Consumption Minute #5  | E-commerce : the boom of online sales\" src=\"https:\/\/www.youtube.com\/embed\/bfkaNE-N630?feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>What you need to know<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">\u2013\u00a0<strong>\u20ac175 billion<\/strong>\u00a0in online sales in 2024, up 10%<br>\u2013 growth driven by a\u00a0<strong>10% increase in transaction volumes<\/strong>, rather than higher prices<br>\u2013\u00a0<strong>\u20ac67 billion<\/strong>\u00a0in online product sales<br>\u2013\u00a0<strong>\u20ac108 billion<\/strong>\u00a0in online services, up 12%<br>\u2013 travel is among the most dynamic online segments<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">To understand what the growing importance of services reveals about consumer priorities:<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">?&nbsp;<strong>Discover the full analysis on the Cetelem Observatory<\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<h3 class=\"wp-block-heading\"><strong>Find out about l&#8217;Observatoire Cetelem new 2025 consumer study<\/strong><\/h3>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In 2023, the Cetelem Consumer Observatory took an interest in the low-cost market and its extension. Today, we look at the evolution of consumption in France, which is very different from that of a few years ago. If you want to dig a little deeper into the subject, discover the complete European study by the Cetelem Observatory on consumption in 2025<\/p>\n<\/div>\n\n\n<div class=\"container\">\n\n    <div class=\"my-3 text-center\">\n\n        <a id=\"block_bd9ced18bdcf8071ff228666b0e1f745\" href=\"https:\/\/observatoirecetelem.com\/en\/consumption-in-europe-the-quest-for-enjoyment-holds-firm\"   class=\"btn btn-border\">\n            Find out about the latest Consumption study\n                    <\/a>\n\n    <\/div>\n\n<\/div>\n\n<div class=\"container\">\n<h2 class=\"wp-block-heading\"><strong>Two issues, one question of purchasing power<\/strong><\/h2>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">On one side is a reform that enabled millions of people in France to travel at a lower cost.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">On the other is a trade measure that can increase the prices paid by American households.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">In both cases, the underlying issue is the same:&nbsp;<strong>how public policy affects household purchasing power.<\/strong><\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">One reform widened access through greater competition.<\/p>\n<\/div>\n\n<div class=\"container\">\n<p class=\"wp-block-paragraph\">The other creates a barrier that can make imported products more expensive.<\/p>\n<\/div>\n\n<div class=\"container\">\n<div class=\"wp-block-group has-background is-layout-constrained wp-container-core-group-is-layout-e3964afe wp-block-group-is-layout-constrained\" style=\"border-top-left-radius:28px;border-top-right-radius:28px;border-bottom-left-radius:28px;border-bottom-right-radius:28px;background-color:#dcdcdc;padding-top:var(--wp--preset--spacing--60);padding-right:var(--wp--preset--spacing--60);padding-bottom:var(--wp--preset--spacing--60);padding-left:var(--wp--preset--spacing--60)\">\n<h3 class=\"wp-block-heading\"><strong><strong><strong><strong><strong><strong>FAQ &#8211; March 2025 Mobility &amp; Consumption Minute<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>What did the European Commission decide on automotive CO2 targets?            <\/strong>                                          In early March 2025, the Commission announced greater flexibility by giving manufacturers a three-year period over which to meet CO2 targets that had initially applied from 2025.<\/li>\n\n\n\n<li><strong>What share of new-car sales would electric vehicles have needed to reach?<\/strong><br>Around 25% of new-car sales in 2025, significantly above the level of demand observed at the time.<\/li>\n\n\n\n<li><strong>What financial risk did car manufacturers face?<br><\/strong>Failure to comply with the CO2 targets could have resulted in fines amounting to several billion euros.<\/li>\n\n\n\n<li><strong>How large is the French e-commerce market?<br><\/strong>Online sales reached \u20ac175 billion in 2024, an increase of 10%.<\/li>\n\n\n\n<li><strong>What drove French e-commerce growth in 2024?<br><\/strong>The number of online transactions increased by 10%. Unlike in previous years, growth was therefore driven largely by higher volumes rather than rising prices.<\/li>\n\n\n\n<li><strong>Which online segments are growing fastest?<\/strong><br>Online services grew by 12%, with travel among the most dynamic categories.<\/li>\n\n\n\n<li><strong>Where can the full analyses be found?<br><\/strong>Both analyses are available on the Cetelem Observatory website, respectively in its Automotive and Consumption sections.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n<div class=\"container\">\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What did the European Commission decide on automotive CO2 targets?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"In early March 2025, the Commission announced greater flexibility by giving manufacturers a three-year period over which to meet CO2 targets that had initially applied from 2025.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What share of new-car sales would electric vehicles have needed to reach?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Around 25% of new-car sales in 2025, significantly above the level of demand observed at the time.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What financial risk did car manufacturers face?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Failure to comply with the CO2 targets could have resulted in fines amounting to several billion euros.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How large is the French e-commerce market?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Online sales reached \u20ac175 billion in 2024, an increase of 10%.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What drove French e-commerce growth in 2024?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The number of online transactions increased by 10%. 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Presented by Flavien Neuvy, economist and Director of the Cetelem Observatory, these two analyses provide a one-minute overview of the developments shaping the mobility and consumer markets. In March 2025, two developments stand out: Mobility Minute: more time [&hellip;]<\/p>\n","protected":false},"author":1981,"featured_media":46594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[372,457],"tags":[],"class_list":["post-46708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobilite-en","category-consumption"],"acf":[],"_links":{"self":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/46708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/users\/1981"}],"replies":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/comments?post=46708"}],"version-history":[{"count":3,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/46708\/revisions"}],"predecessor-version":[{"id":46713,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/posts\/46708\/revisions\/46713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/media\/46594"}],"wp:attachment":[{"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/media?parent=46708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/categories?post=46708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/personal-finance.bnpparibas\/en\/wp-json\/wp\/v2\/tags?post=46708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}