EV Drive Motor Market Set For Steady Growth Through 2020

A new report forecasts that the global market for electric drive motors in light-duty vehicles will grow from just under US$1bn in annual revenue in 2013 to more than US$2.8bn in 2020, representing a compound annual growth rate (CAGR) of 16.6%. Unit motor sales are forecast to reach 3.7 million It’s time to log in … Continued

• By Megan Lampinen
• March 28, 2013