With increase in demand of enhanced fuel economy and rising fuel prices in vehicle are anticipated to drive vehicle electrification Industry growth globally. Stringent government policies on harmful emissions from Carbon dioxide and rise in pollution are driving the electrification industry from past few years.

The Electric Vehicles (EV) market is likely to experience high growth due to rising requirement for electric systems in tax exemptions, ... Read more

An electric vehicle (EV) uses one or more electric motors for propulsion. Advancements in battery technology have helped increase the driving range of an electric vehicle. Hence, the popularity of EVs has grown in the recent past.  With a view to reducing crude oil consumption, automotive emissions, and air pollution, governments around the world are adopting and implementing favorable policies to promote electric vehicles.

According to MarketsandMarkets analysis, the Global ... Read more