Electric Vehicle Motor Market Worth [2029], Overview, Trends, Forecast
According to TechSci Research report, “ Electric Vehicle Motor Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Motorcycle High-Performance Braking System Market stood at USD 41.57 Billion in 2023 and is anticipated to grow with a CAGR of 7.74% in the forecast period, 2025-2029. The Global Electric Vehicle (EV) Motor Market is experiencing a transformative shift as the automotive industry undergoes a widespread transition toward electrification. The market, as of my last knowledge update in January 2022, is marked by robust growth driven by factors such as stringent emission regulations, technological advancements, and increasing consumer demand for sustainable mobility solutions. Electric motors, serving as the core propulsion systems for electric vehicles, are witnessing significant innovations in design, efficiency, and power density. Governments worldwide are playing a pivotal role ...