Electric Vehicle Motors - Worldwide

Electric Vehicle Motors Market Definition

An integral part of electric vehicles, an electric vehicle (EV) motor transforms electrical energy into mechanical energy so that the vehicle may move forward. Batteries provide the motor in electric vehicles with electricity. As they create new ideas for electric, connected, autonomous, and shared mobility, industry participants are quickening the pace of advancement in automotive technology. Because of the rising demand for electric and hybrid cars, the government's tighter regulations governing the automotive sector, and the expansion of R&D efforts.  

Even though the pace and extent of change may differ, electrification will have a major impact on the mobility industry and present promising opportunities across all vehicle segments. To guarantee the quick and widespread adoption of electric mobility, new EVs must be introduced to the market.  

The development of driverless vehicles is a primary priority for the Chinese government. Laws have been created mainly to test autonomous driving technologies on public roads. Since most contemporary autonomous vehicles use hybrid or electric powertrains, the Chinese government also offers tax breaks and other financial assistance to manufacturers and research and development organizations of autonomous driving technology. These initiatives are expected to create a significant growth opportunity for the electric vehicle motor industry. 

Electric Vehicle Motors Market Segmentation:

By Type

• Permanent Magnet Synchronous Motor
• Asynchronous Motor

By Application

• Battery Electric Vehicle (BEV)
• Plug-In-Hybrid Vehicles (PHEV)

Electric Vehicle Motors Market Companies:

• FUKUTA
• BYD
• Broad-Ocean Motor
• ZF Friedrichshafen AG
• Bosch
• JJE
• JEE
• Mitsubishi Motors
• Hitachi
• UAES
• HUAYU Automotive Systems
• Magna
• Greatland Electrics
• Hepu Power
• FDM
• Zhuhai Enpower