Electric vehicle traction motor market is predicted to generate a revenue of $29,179.3 million by 2026 with a CAGR of 40.6% in the estimated period. Electric vehicle traction motor is a type of motor powered by electrical force such as batteries. With the help of batteries, the motor creates a forward motion by optimizing the power from the battery. Anelectric vehicle traction motor is used to make torque rotation of machine which increases the horsepower in a straight-line motion.The electric vehicle traction motors are mostly used in electric rail vehicles and other electric locomotives. Increase in the usage of electric vehicles and massive investment in the technologicaladvancement in the electric vehicle segment is predicted to be the major driving factor for the electric vehicle traction motor market in the estimated period. Increase in electric vehicle charging stations is predicted to decrease the price of electric vehicles along with reduction of battery prices and
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