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EV Platform Market Trends
- Report ID: GMI5793
- Published Date: May 2023
- Report Format: PDF
EV Platform Market Trends
The EV platform sector is expected to grow during 2023-2032 owing to the increasing demand for electric vehicles, technological advancements, growing investments in EV infrastructure, focus on lightweight materials, and increasing adoption of autonomous driving technology.
Frequently Asked Questions (FAQ) :
The market size of EV platform reached USD 9.5 billion in 2022 and will depict 20% CAGR from 2023-2032 driven by the rising need for flexible automobile manufacturing.
EV platform industry size from the hybrid electric vehicle exceeded USD 3 billion in 2022 owing to the growing adoption of customer-friendly technologies.
P2 EV platforms held over 32% of the overall industry share of in 2022 and will expand significantly through 2032 on account of benefits, including flexibility and scalability.
Asia Pacific held more than 28% of the global EV platform business share in 2022 due to the growing government support in China, Japan, and South Korea.
Volkswagen Group, BYD Company Ltd., Hyundai Motor Group, Renault, and Ford are the major operating companies in the business scenario.
EV Platform Market Scope
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