Determine Reasons for Electric Vehicle Drive Motor Market Is Booming Worldwide
The global electric vehicle drive motor market is envisaged to grow at a healthy CAGR during the forecast period. Increasing global warming concerns and air pollution levels are expected to highlight the need for electric vehicles, which could in turn create a requirement of electric vehicle drive motor. In June 2019, Toyota planned to make a $2 billion investment in the development of electric vehicles in Indonesia. Launch of ultra-powerful electric drive units for advanced electric vehicles is foreseen to...
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