Future of E-Powertrain Market Size to Reach New Heights by 2032
The e-powertrain market is projected to reach 51,288 thousand units by 2032, at a CAGR of 13.8% from 2024 to 2032. The electric powertrain market is driven by growing demand for electric vehicles. The need for extended range, & faster charging is leading to technological developments in the electric powertrain industry. Companies are working towards integrating electric powertrain components as these systems in electric powertrains can help OEMs reduce costs by integrating components like motors and thermal management into a single unit, thereby cutting material, assembly, and R&D expenses. Global Future of E-Powertrain Market Dynamics Driver: Growing vehicle electrification in the automobile industry Governments have offered incentives, tax breaks, rebates, and free parking to encourage the adoption of electric vehicles. Also, promising investments in EV infrastructure, such as charging stations and the electrical grid upgrade, will support ownership and usage of electric