Electric Commercial Vehicle Traction Motor Market

The electric commercial vehicle traction motor market consists of the core components that propel electric-powered commercial vehicles. The primary customers are original equipment manufacturers (OEMs) of pickup trucks, buses, vans, and trucks. Market growth is primarily driven by a global emphasis on sustainability, increasingly strict government emissions regulations, and significant public and private investment in EV charging infrastructure.

CAGR

28.4%

Compound Annual Growth Rate

Current Value

$3.35B

Estimated 2026

Projected Value

$15.0B

By 2032

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