Electric Powertrain Market Growth Analysis by Size and Share 2022 | Opportunities, Challenges, Manufacturers, Market Dynamics and Forecast to 2029
Market Analysis and Insights Global Electric Powertrain Market Data Bridge Market Research analyses that the electric powertrain market would exhibit a CAGR of 15.4% for the forecast period. The key components that generate and transfer power to the road surface, water , or air in a vehicle are referred to as the powertrain or power-plant. Instead of an internal combustion engine, all electric cars use an electric motor that is powered by a massive traction battery. The engine and transmission are the most important parts of the powertrain, but the clutch or torque converter, driving shaft or propeller shaft, differential, and axles are all important. The growing demand for less reliance on fossil fuels and lower carbon footprints is propelling the advancement of technologies in all vehicles. The growing demand for such technologies has a direct impact on how powertrain components and systems are tested all around the world. The upsurge in demand from the ...