Passenger Car Powertrain Systems Market Driving Forces Insights into the Growth of USD 298.37 Billion
According to TechSci Research report, “ Passenger Car Powertrain Systems Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Car Powertrain Systems Market stood at USD 298.37 billion in 2022 and is anticipated to grow with a CAGR of 7.72% in the forecast period, 2024-2028. The Global Passenger Car Powertrain Systems Market is undergoing a significant transformation driven by several key factors. Stringent emissions regulations imposed by governments across the globe are pushing automakers to rethink their powertrain strategies. As a result, there is a growing emphasis on reducing carbon emissions and improving fuel efficiency. This shift has led to the development and adoption of cleaner technologies such as hybrid powertrains and electric vehicles (EVs). The dominant trend in the Global Passenger Car Powertrain Systems Market is the rapid shift toward electrification. Electric vehicles (EVs)...