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Ev Emotor Market Report
"EV eMotor market size was USD 11.1 billion in 2024.”
The market size in 2023 was USD 9.4 billion. In 2024, the market experienced a YoY growth of 17.6% to reach a value of USD 11.1 billion.
The market is expected to reach USD 13.0 billion in 2025, witnessing an annual growth of 16.9%.
The market size will reach USD 23.9 billion in 2031, witnessing a market growth (CAGR) of 10.7% during the forecast period of 2025-2031.
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