With Green Energy being the buzzword, Electric Vehicle (EV) Motor Market is set to reach US$ 18.09 Bn at a CAGR of 8.5% during forecast of 2022-32, says Future
The electric vehicle motor market is projected to grow by 6.8x by 2032. China electric vehicle motor market is projected to create an incremental opportunity of more than US$ 86.5 Bn in the upcoming decade. Total sales of EV motors in the Germany are projected to grow by 6.2x
NEWARK, Del., Oct. 14, 2022 /PRNewswire/ — The global electric vehicle motor market is worth US$ 8.68 Bn as of now and expected to reach US$ 18.09 Bn by the year 2032 at a CAGR of 8.5% between 2022 and 2032.
Electric vehicles are being increasingly asked for due