Lucintel's latest market report analyzed that electric vehicle transmission provides attractive opportunities in the battery electric vehicle, plug-in hybrid electric vehicle, and hybrid electric vehicle markets. The electric vehicle transmission market is expected to reach $XX billion by 2028 with a CAGR of 16% to 18%. In this market, Single speed is the largest segment followed by multi speed market.
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Based on transmission type, the electric vehicle transmission market is segmented into single speed and multi speed. The single speed segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its lower cost and it ensures better performance along with smooth ride experience..
Browse in-depth TOC on “Electric Vehicle Transmission Market”
XX – Tables
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The electric vehicle transmission market is marked by the presence of several big and small players. Some of the prominent players offering electric vehicle transmission include Aisin Seiki, Allison Transmission, AVL List, BorgWarner, Continental, Dana Limited, Eaton, JATCO, Schaeffler Technologies, ZF Friedrichshafen.
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