Global Automotive Battery Powered Propulsion System Market 2012-2016
Global Automotive Battery-Powered Propulsion System market to grow at a CAGR of 27.3 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in demand for electric vehicles. The Global Automotive Battery-Powered Propulsion System market has also been witnessing the increasing adoption of lithium-ion batteries in automotive battery-powered propulsion systems. However, the high cost of electric vehicles could pose a challenge to the growth of this market.
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