Market overview: The worldwide Vehicle Electrification Market was worth $70.14 billion in 2019 and is expected to grow to $140.29 billion by 2027, at an 11.3% CAGR. Vehicle electrification is the primary driving force behind the automotive industry's big shift. Factors such as increased adoption of fuel-efficient mobility solutions, effective performance requirements, and a decrease in...

Market overview: The worldwide Vehicle Electrification Market was worth $70.14 billion in 2019 and is expected to grow to $140.29 billion by 2027, at an 11.3% CAGR. Vehicle electrification is the primary driving force behind the automotive industry's big shift. Factors such as increased adoption of fuel-efficient mobility solutions, effective performance requirements, and a decrease in...