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The Europe electric motors for electric vehicle market size is forecast to increase by USD 127.91 billion at a CAGR of 13.78% between 2023 and 2028. The electric vehicle (EV) market in Europe is experiencing significant growth due to the increasing demand for sustainable transportation solutions. One of the key driving factors is the growing awareness and adoption of EVs to reduce carbon emissions and combat climate change. Another trend influencing the market is the rise of Silicon Carbide inverters, which are increasingly being used in electric motors for EVs to enhance efficiency and reduce energy losses. However, the market faces challenges such as raw material scarcity and price volatility associated with the manufacturing of electric motors for EVs. The scarcity of neodymium and dysprosium, key components in the production of permanent magnets used in electric motors, can impact the cost and availability of EVs.
Therefore, the market is witnessing ongoing research and development efforts to explore alternative materials and manufacturing processes to mitigate these challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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