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November 27, 2018: About Electric Vehicle Motor

Electric motor in an EV is used to convert electrical energy into mechanical energy by the interaction of magnetic field with current to power the vehicle. The use of electric motors is on the rise owing to the growth in the market for new energy vehicles (NEVs). These vehicles include hybrid, plug-in hybrid, pure EV, and fuel cell vehicles that use alternative renewable energy sources.

Radiant Insights analysts forecast the global electric vehicle motor market to grow at a CAGR of 20.79 % during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric vehicle motor market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of electric vehicle motor.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

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Radiant Insights report, Global Electric Vehicle Motor Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Bosch
  • Continental
  • Delphi
  • Tesla

Market driver

  • Increasing sales of electric vehicles
  • For a full, detailed list, view our report

Market challenge

  • High cost of batteries used in EVs
  • For a full, detailed list, view our report

Market trend

  • OEMs focusing on connected EVs
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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