DUBLIN--(BUSINESS WIRE)--The "Global Electric Motors for Electric Vehicle Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Electric Motors for Electric Vehicles market is forecasted to register a significant CAGR of 15.09% over the forecast period. The market is expected to be USD 3.952 billion in 2017.

New Economy Average Fuel Economy (CAF) standards are likely to encourage the market entry of electric vehicles. CAF norms dictate the models produced from 2012 to have a fuel economy of 29.58 mpg which is an increase of 16% from the previous fuel economy standards. European countries have also passed different policies, like Elektromobilitat Model Region Hamburg, the testing of diesel hybrid buses on lines in Germany, Gronn Bill in Norway and Copenhagen electric in Denmark to promote electric vehicles. China is also taking some aggressive steps to become the market leader in EVs as well. In 2017, the City of Beijing announced plans to transform its entire taxi fleet to electric propulsion.

A shortage of EV charging stations has hindered the adoption of these vehicles, which further has restricted the usage of electric motors for electric vehicles. As the EV industry does not have any overall set standards on the charging power output, companies are increasingly involved in building charging equipment based on their standards. Also, with setting standards, it is also very important to establish charging stations, which is again a cost intensive affair. EVs are mostly used for public and private transport and have a limited range of charging.

Companies Mentioned

  • Hitachi Automotive Systems
  • Mitsubishi Electric
  • Baldor Electric Company
  • Robert Bosch Gmbh
  • Denso
  • Emerson Electric Company
  • Continental
  • Siemens Ag
  • Toshiba Corporation
  • Magna International
  • Gkn Driveline
  • Aisin Aw
  • Yasakawa Electric

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview And Technology Trends

5. Market Dynamics

6. Global Electric Motors For Electric Vehicles Market Segmentation,by vehicle

7. Global Electric Motors For Electric Vehicles Market Segmentation,by motor

8. Global Electric Motors For Electric Vehicles Market Segmentation,by application

9. Global Electric Motors For Electric Vehicles Market Segmentation,by geography

10. Competitive Landscape

11. Key Vendor Analysis

12. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/g6nz27/global_electric?w=4

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Related Topics: Electric and Hybrid Vehicles, Motors