The global electric powertrain market was valued at USD 83.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.3% from 2023 to 2030. While the electric powertrain industry experienced a slowdown due to the COVID-19 pandemic, which negatively impacted the overall automotive sector, the market is poised for significant recovery and expansion in the...

The global electric powertrain market was valued at USD 83.30 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 15.3% from 2023 to 2030. The COVID-19 pandemic significantly impacted the automotive industry, leading to a reduction in electric powertrain growth due to decreased automotive sales and changing requirements. However, the implementation of...