Electric Commercial Vehicle Traction Motor Market Projected to Reach $9.8 Billion by 2030
The global electric commercial vehicle traction motor market is projected to grow from USD 2.1 Billion in 2024 to USD 9.8 Billion by 2030, registering a CAGR of 28.8%. The market for ECV traction motors, the engines that propel electric commercial vehicles, is experiencing significant growth. A confluence of factors is driving this surge. The rising popularity of electric commercial vehicles themselves...