Global EV Traction Motor Market to Grow at a CAGR of 18.57% over the Period 2015-2019
EV traction motor is an electric motor that is used for the propulsion of EVs. It converts electrical energy into motion. These traction motors form a major component in EVs such as cars, two-wheelers, light industrial/commercial vehicles, military vehicles, buses, and others. These motors determine the performance and affordability of EVs.
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