Global Automotive Electric Drivetrain System Market is estimated to be US$ 30.93 billion by 2030 wit

Abhi795431 Mar, 2022Business

Global Automotive Electric Drivetrain System Market accounted for US$ 5.86 billion in 2020 and is estimated to be US$ 30.93 billion by 2030 and is anticipated to register a CAGR of 18.3%.The hybrid car's structure is identical to that of an ICE vehicle, with the exception of electric motors and drive cycle operation. The electric drive module, inverter, and Power Delivery Module are the main components of an electric vehicle's drivetrain (PDM). The size and component arrangement are determined by the vehicle's size and power output, which affects the cost of automobile electric drivetrain components. The market for hybrid drivetrains will be limited due to a lack of vehicle charging infrastructure. The adoption of hybrid and electric vehicles will be limited in emerging nations due to a lack of charging outlets. Furthermore, to develop a secure supply chain and solve resource need limits, supply bottlenecks for lithium and rare earth metals must be monitored.