Automotive Battery Powered Propulsion System Market Size in Terms of Volume and Value 2017-2025
Due to the rising pollution created by automobiles and the need to have a cleaner and safer environment, government of various countries are encouraging automobile manufacturers to develop and promote electric and hybrid vehicles. Battery powered propulsion systems finds application in hybrid and electric vehicles and therefore this is one of the lucrative automotive markets of the future as the penetration rate of hybrid and electric vehicles is still below average in the developing and under-developed countries.
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