Automotive Battery Powered Propulsion System Market Analysis, Development [2028], Key Terms
According to TechSci Research report, “ Global Automotive Battery Powered Propulsion System Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Battery Powered Propulsion System Market stood at USD 16 billion in 2022 and is anticipated to grow with a CAGR of 5.71% in the forecast period, 2024-2028. The size of the global market for automotive battery-powered propulsion systems is anticipated to increase significantly. Over the course of the forecast period, rising demand for electric vehicles (EVs) and rising disposable income are anticipated to fuel market growth. The health of consumers is negatively impacted by vehicular pollution. There is growing consumer concern about lowering harmful vehicle emissions due to increased knowledge of the greenhouse effect and ozone layer depletion. Over the course of the forecast period, product demand is anticipated to be driven by health risks associate...