The Electric Powertrain Market Size was valued at USD 116.68 billion in 2022 and is expected to reach USD 1365 billion by 2030 and grow at a CAGR of 36% over the forecast period 2023-2030.
The Electric Powertrain market is at the forefront of the automotive industry's electrification revolution, reshaping the way vehicles propel themselves into a sustainable future. From electric cars to buses and trucks, the market is witnessing a surge in demand for powertrains that prioritize efficiency, reduced emissions, and enhanced performance. As automakers increasingly commit to phasing out internal combustion engines, electric powertrains are becoming synonymous with the evolution of cleaner and greener transportation. With advancements in battery technology, regenerative braking systems, and electric drivetrains, the Electric Powertrain market stands as a key player in driving the automotive industry towards a more environmentally conscious and electrifying tomorrow.
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