Vehicle Electrification Is Estimated To Witness High Growth Owing To Government Policies And Regulations
Vehicle electrification refers to the adoption of electric powertrains in vehicles including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Major applications of vehicle electrification include passenger cars and commercial vehicles. Governments across the globe are formulating stringent regulations to curb emissions and promote...
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