Report ID: SQMIG25E2079
Electric Motor Sales Market Size, Share, Growth Analysis, By Motor Type(AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor), By Power Output(Integral HP Output, and Fractional HP Output), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2079 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
66 |
Figures:
70
Electric Motor Sales Market News
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In March 2024, Volvo unveiled a new variant of the XC40 Recharge, significantly reducing the cost of its electric vehicle (EV) with a starting price of Rs 54.95 lakh, excluding showroom fees, in India. This means the new single motor version brings down the price by nearly Rs 3 lakhs compared to the dual motor equipped version.
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In March 2024, electric-vehicle startup Rivian Automotive unveiled two new SUVs that the company hopes will be a springboard for its sales. The first model, a midsize SUV called the R2, will have a starting price of around $45,000 and is due to go on sale in the first half of 2026, the company said. The new vehicle resembles a smaller version of Rivian’s $75,000 R1S SUV, and with it, the automaker aims to broaden its appeal by adding a more affordable EV to its lineup.
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In February 2024, Volvo reached its highest-ever share of electrified vehicles as its new fully electric EX30 boosted EV sales. Although overall sales slid 2% last month, Volvo’s fully electric vehicle sales were up 14%, reaching a new record share.
Electric Motor Sales Market Report Snapshots
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