Regulations drive innovation in vehicle electrification systems
Vehicle Electrification Market:
According to MRFR analysis, the vehicle electrification market was valued at USD 79.35 billion in 2023. It is expected to grow steadily, reaching USD 84.95 billion in 2024 and climbing to approximately USD 180 billion by 2035. This represents a compound annual growth rate (CAGR) of about 7.06% during the forecast period from 2025 to 2035.
Vehicle electrification...
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