Insights on the Electric Motors For Electric Vehicle Market to 2022 | Industry Statistics, Emerging Demands, Forecast to 2028

The global electric motors for the electric vehicle market is anticipated to grow at a considerable CAGR of 21.7% during the forecast period (2022-2028). One of the major factors fueling the market is the growing demand for multi-electric motors in electric vehicles. The electric vehicle market become one of the most competitive markets in the globe in the past few years. To stay, and grow the competition in the market, market players are using more than one electric motor in the vehicle to enhance the performance of the vehicle. Having multiple motors can deliver more or less torque, as per the vehicle need, unlike gears in an ICE vehicle, the multiple motors in an EV can be used simultaneously, which gives the vehicle both speed and torque, greater agility, or increased traction. The Rivian electric pickup trucks also used multiple motor which were attached to each wheel, allowing the truck to perform "tank turns."

The market players are participating in the competition by launching their vehicle with more than one electric motor, and some of the recent launches are;

· Mercedes EQB- It was launched in Auto Shanghai, offers seven seating. It comes with single and dual motors with a 66.5kWh battery and 100kW charging.

· Tesla Cybertruck- This electric truck with unusual design offers a tri-motor version promising a 0-60mph time of 2.9 seconds with three different versions with 250+, 300+, or 500+ miles of range.

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Market Coverage

· The market number available for - 2021-2028

· Base year- 2021

· Forecast period- 2022-2028

Segment Covered-

· By Motor Type

· By Vehicle Type

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- including AISIN CORP., BYD Motors Inc., Robert Bosch GmbH, Tesla Inc., Toyota Motor Corp., and others.

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Global Electric Motors for Electric Vehicle Market Report Segment

By Motor Type

· Alternative Current (AC) Motor

· Direct Current (DC) Motor

By Vehicle Type

· Hybrid Electric Vehicle (HEV)

· Plug-in Hybrid Electric Vehicle (PHEV)

· Pure Electric Vehicle (PEV)

Global Electric Motors for Electric Vehicle Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· BMW AG

· DENSO Corp.

· EVR Motors Ltd.

· Hitachi, Ltd.

· Honda Motor Co., Ltd.

· Magna International Inc.

· Mitsubishi Corp.

· Nidec Corp.

· Nissan

· Toshiba International Corp.

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