Europe: EV traction motor market size 2021-2027
In 2021, the size of the electric vehicle traction motor market in Europe reached a value of 1.23 billion U.S. dollars. It is projected that the market size will increase with a compound annual growth rate (CAGR) of 25.84 percent between 2022 and 2027, reaching the size of 4.26 billion U.S. dollars in 2027.