The global in-wheel motor market size to be valued at $4,120.60 million by 2028 , surging from $612.0 million in 2020 , at a noteworthy CAGR of 27.10% . Global In-wheel Motor Market Insight The increasing utilization of electric vehicles in the passenger and commercial vehicles category is expected to aid the growth of the market in the forecast period since in-wheel motors are utilized in the electric vehicles. The increasing emphasis on the utilization of vehicles with better propulsion systems such as battery electric vehicle is aiding the growth of this market. As vehicles that operate on conventional propulsion such as gasoline and hybrid electric vehicle emit harmful gas like NO2, Sulphur dioxide, carbon monoxide, and others and pollute the environment, it has propelled the demand for electric vehicles aiding the in-wheel motor market growth. The increasing commercialization of wheel motors with a greater number of OEMs starting manufacturing them for utilizing in the p
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