EV Traction Motor Market: Sale Likely to Surpass USD 3,700 Million by 2019-End
Buoyed by near-zero emissions and high fuel efficiency, electric vehicles and hybrid electric vehicles have been dramatically gaining momentum in the automotive landscape. Several automobile original-equipment manufacturers (OEMs) have pulled up their socks on the designing of new electric vehicle and hybrid electric vehicle. However, OEMs biggest challenges has been arguably the designing of traction motors, which preferably is interior permanent magnet (IPM) synchronous machines.
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