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Ananyjoshi's Blog – February 2022 Archive (21)
Increasing Usage of Electric Vehicles Fueling Demand for Electric Motors in Asia-Pacific
The mushrooming deployment of electric vehicles is fueling the demand for electric motors, which is, in turn, will cause the expansion of the Asia-Pacific (APAC) electric motor market from $50,948.1 million in 2017 to $77,876.8 million by 2023, at a 6.9% CAGR during the forecast period (“018–2023). According to many reports, the manufacturing of electric cars in the APAC region recorded…
ContinueAdded by ananyjoshi on February 1, 2022 at 3:38am — No Comments
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