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2024-02-26 10:18:31 -

The Electric Powertrain Market is driven by electrification of vehicle production

Market drivers One of the major drivers for the electric powertrain market is the electrification of vehicle production by automakers. Strict emission regulations have forced automakers to increasingly incorporate electrified powertrain technologies. Many OEMs have announced plans to phase out combustion engines and have set targets such as only selling electric vehicles by 2030. This is...

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