Asia-Pacific stood at USD 46.17 billion in 2023 and is expected to dominate the global electric motor market in the forthcoming years. This is due to the increasing demand from sectors such as industrial, automotive, and power. Moreover, the region stands as the hub for automation and is ex...
factors fueling this expansion. The cost reduction of batteries is further bolstering market growth, enabling the widespread adoption of electric and hybrid vehicles. This transformative phase in automotive innovation addresses both environmental concerns and economic incentives for reducing emissions and ...
Key Market DynamicsThe rise in demand for electric vehicle motor Stringent safety regulations set by the government for the automotive industry Electric Vehicle Motor Market Highlights: Electric Vehicle Motor Market Size Electric Vehicle Motor Market Trends ...
InFebruary 2019, Mahindra & Mahindra Ltd. collaborated with Silicon Valley-based electric personal mobility startup GenZe, for North American automotive division. This collaboration is aimed to expand Mahindra’s zero-emissions personal transportation solution in North America. ...
The competitive landscape of the global electric vehicle market is characterized by intense rivalry and dynamic players vying for market share. Established automotive giants, emerging startups, and technology companies are all entering the market, each striving to position themselves as leaders in the ...
vehicles sold 878,000 units, representing a 36.9-percent increase and a market penetration rate of 51.1 percent. For the first time, the monthly retail sales of new energy passenger cars in China surpassed those of traditional fuel vehicles, marking a historic moment for the Chinese automotive ...
As the automotive industry shifts to electrification and introduces advanced technologies in vehicles, high costs incurred during production and complex mechanisms of advanced systems may hamper the market growth. Automakers invest most of their research efforts in developing new bus technologies. The high...
Automotive OEMs and suppliers alike have foreseen the significant impact of future car architecture and invested heavily into new growth areas. Some players have already started to streamline their ICE-related portfolios, while others have disconnected them and are now managing the business separ...
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DRIVING FACTORS Stringent Regulations to Curb Vehicular Emission is Expected to Drive the Market Growth The adoption of electric turbochargers in the automotive industry has led to an increase in the fuel efficiency of vehicles. They consist of an electric motor that swiftly spins up the turbine and...