Electric Axle Drive and Wheel Drive Market size to Reach USD 15.37 billion by 2030.
Market Definition In battery electric vehicles (BEVs), an electric axle (e-axle) is an electro-mechanical propulsion system built into the axle structure that provides power to turn the wheels. It has bearings, shafts, pinions, and gearing components and is made of lightweight, high-strength metal such as aluminum. It reduces complexity and enables customization of power, torque, and installation space to meet the needs of end users by integrating power electronics, electric motors, and transmission into a single compact system. Automotive original equipment manufacturers (OEMs) rely on e-axle solutions to maximize a vehicle's internal volume for extra passenger space, battery capacity, and other features. Get the sample copy of the report : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-electric-axle-drive-and-wheel-drive-market Electric Axle Drive and Wheel Drive Market Analysis and Size The demand and public awareness of the need for environmenta...