The Global Electric Traction Motor Market size is expected to reach $23 billion by 2028, rising at a market growth of 11.7% CAGR during the forecast period

Contributing sentiments towards policy:

58% : GE Renewable Energy signed a Memorandum of Understanding with General Motors, an American multinational automotive manufacturing company.
58% : The new Eclipse Cross Plug-in hybrid electric vehicles utilize batteries to control an electric motor and another fuel, including gasoline, to power an internal combustion engine (ICE).

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