From GlobeNewswire: 2024-11-19 07:29:00

The electric vehicle driveline market is projected to reach USD 28.1 billion by 2032, driven by consumer demand for sustainable transportation. With the shift towards EVs, components like electric motors and batteries are seeing increased demand, fueling innovation and infrastructure development. Single-speed transmissions are dominating the market, offering efficiency and performance benefits.

Front-wheel drive designs are popular, occupying 59% of the market share in 2023. These layouts maximize space by integrating the electric motor and battery in the front, appealing to urban consumers seeking versatility in vehicles. The U.S. holds over 70% of the market share, expected to exceed USD 5.5 billion by 2032, supported by government incentives promoting electric mobility.



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