3-Automotive Retrofit Electric Vehicle Powertrain Market

1. Analysis of Automotive Retrofit Electric Vehicle Powertrain Market Top Companies, Business Growth & Investment Opportunities, Share and Forecasts Research Nester assesses the growth and market size of the automotive retrofit electric vehicle powertrain market, which is anticipated due to the widespread implementation of strict regulations for vehicle emissions.Particulate matter emissions from cars are increasing, causing the quality of the air to decline. Governments all over the world have consequently imposed stringent emission regulations on automakers. Request for customization @ https://www.researchnester.com/customized-reports-6388 Research Nester’s recent market research analysis on “Automotive Retrofit Electric Vehicle Powertrain Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor's analysis and a detailed overview of the global automotive retrofit electric vehicle powertrain market in terms of market segmentation by component type, vehicle type, electric vehicle type, and by region. Growing vehicle sales to promote the global market share of the automotive retrofit electric vehicle powertrain market The global automotive retrofit electric vehicle powertrain market is estimated to grow majorly on account of worldwide vehicle salesbecause automakers emphasize converting older cars to electric vehicles..Furthermore, the demand for electric vehicle powertrains for retrofitted cars is expected to rise as countries around the world adopt emission-related standards and regulations. International Energy Agency in 2024 stated thatsales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual increase.About 18% of all cars sold in 2023 were electric vehicles, up from only 2% five years prior in 2018 and 14% in 2022. Some of the major growth factors and challenges that are associated with the growth of the automotive retrofit electric vehicle powertrain market are: Growth Drivers: •Increasing fuel prices •Decreased EV battery cost Challenges:

2. The presence of concerns related to the low availability of EV charging facilities is expected to affect the market growth and act as a restraining factor.Although there are currently EV charging stations being installed in several countries, most of them are not able to meet the required number of installations.As a result, fewer public EV charging stations are available, which reduces the number of individuals who drive electric vehicles. Most nations still do not have this kind of charging infrastructure. Access our detailed report at: https://www.researchnester.com/reports/automotive-retrofit-electric-vehicle-powertrain- market/6388 By component type, the automotive retrofit electric vehicle powertrain market is segmented into transmission, electric motors, converter, battery, and controller. The transmission segment is estimated to garner a significant market share over the forecast period. The segment’s growth is attributed to the ability to multispeed transmission and to create load- shifting capability on account of the latest research and development. For instance, Porshe Taycan 2020 has a feature of two-speed automatic transmission near its rear axle in its EV. The goal of this multispeed gearbox is to increase efficiency and acceleration at higher speeds. In addition, the Taycan has the option to run mainly on its front axle by disconnecting its rear axle. By region, Asia Pacific is expected to generate the highest revenue by the end of 2036. In 2023, the Asia Pacific market has dominated the global sales, by about 45.9%. This growth was mainly fueled by the surge in the purchase of electric vehicles owing to their benefits. According to a report by the Economist Intelligence Unit in 2024, Asia will witness a growth rate of 63% in EV sales globally by 2029. Moreover, there are various government laws and regulations related to severe emissions. According to the Guide to Chinese Climate Policy 2022, several major Chinese cities impose license plate-based driving bans on passenger cars on specific days but do not apply to electric cars. This can act as a growing factor for the market growth. Furthermore, this region is a hub for markets for top companies such as Mando Corp., Mitsubishi Electric Corp., and Hitachi Astemo Ltd. This will act as an automotive hub and will grow this sector. This report also provides the existing competitive scenario of some of the key players of the Mercedes Benz, AVID Technology, Revolution Electric Vehicles, EV Source, HSR Motors, UQM Technologies Inc., Magna International Inc., Meritor Inc., Bosch Ltd., Mitsubishi Electric Power Products, Inc., Hitachi Astemo, Ltd., Mando Corp.and many more.

3. Request Report Sample@ https://www.researchnester.com/sample-request-6388 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919