Electric Vehicle Powertrain Market to Skyrocket with Huge CAGR of 34.70% and 956.44 billion Market Size by 2030
Electric Vehicle Powertrain Market Research Report Information By Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and Others), By Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicles (PHEV)), By Vehicle Type (Passenger Car and Commercial Vehicle), And By Region – Global Industry Size, Share, Growth, Trends and Forecast To 2030
The latest market report on Electric Vehicle Powertrain Market published by Market research Future suggests, Electric Vehicle Powertrain Market Size was valued at USD 88.25 billion in 2021. The Global Electric Vehicle Powertrain market is projected to grow from USD 118.87 Billion in 2022 to USD 956.44 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 34.70% during the forecast period (2024–2030).
The electric vehicle (EV) powertrain market is experiencing rapid growth due to the increasing adoption of electric mobility, stringent emission regulations, and advancements in battery and motor technologies. The powertrain is the core of an electric vehicle, comprising components such as the electric motor, battery pack, inverter, and transmission system. As automakers transition from internal combustion engines to electrified powertrains, significant investments are being made to enhance efficiency, range, and overall vehicle performance.
Sample Market Analysis Report for Detailed Insights; https://www.marketresearchfuture.com/sample_request/8276
Key Trends in the Electric Vehicle Powertrain Market
1. Shift Toward Fully Electric and Hybrid Powertrains
The global push toward carbon neutrality has accelerated the shift from traditional internal combustion engines to fully electric and hybrid powertrains. Automakers are investing heavily in research and development to improve EV efficiency and reduce costs, making electric vehicles more accessible to consumers.
2. Advancements in Battery Technology
Battery technology remains a crucial driver in the EV powertrain market. Innovations in lithium-ion batteries, solid-state batteries, and fast-charging capabilities are enhancing energy density, reducing charging times, and improving overall vehicle performance. Manufacturers are also exploring cost-effective and sustainable battery materials to ensure long-term market growth.
3. Development of High-Performance Electric Motors
Electric motors play a pivotal role in EV powertrains, with advancements focusing on increasing power output, reducing energy losses, and enhancing overall efficiency. Permanent magnet synchronous motors (PMSM) and induction motors are among the leading choices for EV manufacturers, with ongoing developments aimed at optimizing power delivery and thermal management.
4. Integration of Smart and Connected Technologies
The incorporation of artificial intelligence (AI) and connected vehicle technologies is transforming the EV powertrain market. Intelligent energy management systems, predictive maintenance, and software-driven powertrain optimizations are improving vehicle efficiency and user experience.
5. Government Incentives and Regulatory Support
Governments worldwide are implementing policies to support EV adoption, including tax credits, subsidies, and incentives for powertrain research. These regulatory measures are encouraging automakers to accelerate the development and deployment of efficient electric powertrains.
List of the Key Companies in the Electric Vehicle Powertrain Market includes;
ZF Friedrichshafen AG (Germany)
EPT Co. Inc. (South Korea)
WEG (Brazil)
Bonfiglioli Riduttori S.P.A (Italy)
IET S.p.A. (Italy)
Automation Tooling Systems Inc. (Canada)
GKN PLC (UK)
NXP Semiconductors (the Netherlands)
Robert Bosch GmbH (Germany)
BorgWarner Inc. (US)
Continental AG (Germany)
AVL List GmbH (Austria)
Mitsubishi Electric Corp (Japan)
Magna International Inc. (Canada)
Dana Incorporated (US).
You can Buy Complete and Customizable Market Report on Electric Vehicle Powertrain Market; https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=8276
Regional Analysis of the Electric Vehicle Powertrain Market
North America
North America is witnessing strong growth in the EV powertrain market, driven by government incentives, increasing EV production, and investments in charging infrastructure. The U.S. and Canada are leading the transition, with automakers like Tesla, Ford, and General Motors expanding their EV lineups.
Europe
Europe is at the forefront of EV adoption, supported by stringent emission norms, government funding, and the European Green Deal. Countries such as Germany, Norway, and the UK are leading the shift toward electric mobility, with major automotive players investing in next-generation powertrain solutions.
Asia-Pacific
The Asia-Pacific region, particularly China, Japan, and South Korea, dominates the EV powertrain market due to strong government support, high EV production volumes, and technological advancements. China remains the largest EV market, with aggressive policies promoting electric mobility and local manufacturing of powertrain components.
Latin America
Latin America's EV powertrain market is emerging, with countries like Brazil and Mexico gradually adopting electrification. While infrastructure challenges exist, increasing investments and policy support are expected to drive growth in the coming years.
Middle East & Africa
The Middle East and Africa are in the early stages of EV powertrain adoption, with the UAE and South Africa showing initial interest in electric mobility. Government initiatives and sustainability goals are expected to encourage market expansion in the future.
The electric vehicle powertrain market is set for significant growth as the automotive industry transitions toward electrification. With advancements in battery technology, smart powertrain systems, and regulatory support, the market is poised to play a critical role in shaping the future of mobility. North America, Europe, and Asia-Pacific lead the adoption curve, while other regions are gradually embracing electrified powertrains to meet sustainability goals.
Explore Other Automotive Industry Reports;
Battery Management System for Electric Vehicles Market Report
United States Used Car Market Report
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
10 hours ago
- Globe and Mail
Argentine Peso/Australian Dollar
Day Low0.00130 Day High0.00130 Open:0.00130 Price movement based on the high, low and last over the given period. Previous Close YTD High YTD Low Volatility (14d) Stochastic %K (14d) Weighted Alpha 5-Day Change Full ChartTakes you to an interactive chart which cannot interact. Currency Calculator Currency FromSelect the currency that you want to convert Currency From Amount 1 CAD = 0.73134 USD The amount of currency you want to convert Get currency conversion Currency ToSelect the currency to which you want to convert Currency To Amount 1 USD = 1.36737 CAD The converted value in the second currency. TOP STORIES: Argentine Peso/Australian Dollar
Cision Canada
16 hours ago
- Cision Canada
The refreshed 2026 Kia Sportage Hybrid and Plug-In Hybrid Arrives to the Canadian Market Français
Kia's Top Selling Model Offers Enhancements to its Green Lineup Hybrid and Plug-In Hybrid models feature the same bold design updates as the previously announced gas model Addition of the new EX Premium trim in the Hybrid powertrain, and EX in the Plug-In Hybrid powertrain New driver-centric dual 12.3-in. panoramic displays with wireless Apple CarPlay and Android Auto standard on all trims Available new 10-in. Head-up Display (HUD) Advanced Driver Assist System (ADAS) suite now includes available Forward Collision Avoidance Assist 2 w/ Direct Oncoming Detection & Avoidance, next level HDA2 and Front/Side/Rear Parking Distance Warning HEV starting to arrive in Canadian dealerships in June, and the PHEV powertrain arriving in Q3 2025 TORONTO, June 2, 2025 /CNW/ - The refreshed 2026 Kia Sportage SUV will be available in Hybrid (HEV) and Plug-in Hybrid (PHEV) powertrains in the Canadian market. With an extensive list of enhancements in design, innovation, technology and convenience, the Sportage undergoes its most significant change since the fifth-generation model launched three years ago. The 2026 Sportage offers customers three distinct powertrain variants, all manufactured in South Korea – ICE, HEV, and PHEV. "The refreshed 2026 Kia Sportage hybrid and plug-in hybrid powertrains offer Canadians the eco-conscious, fuel saving options they are looking for, while not compromising on safety and technology," says David Sherrard, Director of Strategic Planning at Kia Canada. "With the addition of two new trims, families can select the Sportage that fits their uniquely adventurous lifestyles and needs." Exuding the brand's "Opposites United" design philosophy, the Sportage takes on a more confident look with front and rear design enhancements. Inside, the Sportage brings more technology upgrades than ever, from Kia's innovative Connected Car Navigation Cockpit (ccNC) with a standard curved 12.3-inch touchscreen display to an all-new available 10-inch head-up display (HUD) that communicates pertinent information including ADAS functions and turn-by-turn directions. There's also a roster of Digital Key features for remote lock/unlock/start capabilities via compatible smart devices. The 2026 Sportage offers something for everyone, with an expansive lineup that now includes three trim options in both the Hybrid and Plug-in Hybrid powertrains. The Sportage HEV comes in EX, EX Premium (new), and SX, while the Sportage PHEV comes in EX (new), EX Premium, and SX. The 2026 Sportage HEV is expected to land at Canadian dealership in June 2025, with the PHEV powertrain following in Q3 2025. Eye-Catching Design In keeping with the Opposites United design philosophy, smooth, soft surfaces are offset by rugged, sheer forms, combining off-road confidence with cutting edge modern cues. New design elements include: Front and rear bumpers Revised lighting: Stacked LED headlight design with optional cube-style projection Amber LED "Star Map" daytime running lights (DRLs) Newly available 17-inch and 18-inch, (HEV) and 19-inch (PHEV) alloy wheel designs New, sleek, 2-spoke steering wheel design. A Cabin Aimed at Connectivity, Comfort and Convenience Significant interior enhancements turn the cabin into a premium living space with new tech and connectivity features: Shift-By-Wire shifter is featured in the Sportage HEV and PHEV, further adding to its tech forward convenience and sleek interior. Newly integrated Connected Car Navigation Cockpit (ccNC) with 12.3-inch LCD display, over-the-air (OTA) updates, and wireless Android Auto and Apple CarPlay with Kia Connect, depending on trim, can unlock the full potential of your Kia, giving you access to advanced features, such as the ability to start your vehicle remotely, precondition your cabin, check vehicle lock status, schedule maintenance, plan your route and more. All-new available 10-inch Head-up Display (HUD) allows you to drive with ease. Standard Smart Key with push button start offers remote start capability and supports OTA updates to introduce new features that enrich the ownership experience; Available Digital Key 2.0 offers the ability to lock/unlock/start using smart devices without needing to carry a key fob, also allowing sharing the digital key with family and friends. In addition, Sportage offers an array of available technology to assist drivers from moment to moment: Multi-function audio/climate touchpad sits beneath the multimedia screen; switching between functions is now more natural, whether it's changing your preferred temperature setting or adjusting the volume Available 360-degree Surround-View Monitor with 3D view is designed to provide a bird's-eye view of the vehicle's surroundings, for added peace of mind. Available Harman Kardon premium audio system Wireless charging pad built inside the upper tray Other notable interior features include: Available power folding outside mirrors for parking in tight spaces Available heated rear seats offer cold weather comfort for rear passengers New accent trims for instrument panel, centre console and door panels reduce fingerprint smudges The Sportage continues to offer a spacious interior and flexible cargo room: 1,050mm of rear legroom with plenty of space to keep your rear passengers comfortable Rear cargo capacity of the HEV models offers up to 1,119L of space. Dual-level cargo floor provides flexible cargo carrying capabilities (standard on HEV; not available on PHEV). New Electrified Trim Options The 2026 Sportage adds two new electrified trims to the line-up. The newly added EX Premium trim in the Hybrid power train and the EX trim in the PHEV offers Canadian consumers a wide range of price points, further easing the transition to electrified vehicles. Whether you're an urban adventurer, an off-pavement explorer, or a highway commuter, there's a Sportage for you. Sportage HEV: 1.6-liter turbo gasoline direct injection (GDI) and 47.7kW motor (revised system) 6-speed automatic transmission AWD Combined fuel economy of 6.7L/100km 2000 lb. towing capacity when properly equipped. Sportage PHEV: 1.6-liter turbo gasoline direct injection (GDI) and 72kW motor (revised system) 6-speed automatic transmission AWD 2000 lb. towing capacity when properly equipped. Advanced Driver Assistance Systems As with all offerings across the Kia product portfolio, there's a full suite of Advanced Driver Assistance Systems. New features to Sportage in this area include: Standard Forward Collision Avoidance Assist 1.5 with Pedestrian, Cyclist, and Car Detection: Designed to use sensors and a camera to scan the road ahead for potential hazards and is designed to automatically apply the brakes when a potential collision is detected. Available Forward Collision Avoidance Assist 2 w/ Direct Oncoming Detection & Avoidance plus next level Highway Driving Assist 2: Employs forward-facing camera, radar sensors, and navigation data. The available system can assist with maintaining a predetermined speed and distance from the vehicle detected ahead of you in certain circumstances. The system can also assist with steering wheel control when changing lanes (activated by the turn signal) and evasive steering assist. Standard Hands-on Detection (HOD): Direct HOD sensors are designed to determine whether the driver is holding the steering wheel, issuing warnings when necessary. Available Parking Distance Warning: Forward/Side/Reverse (PDW-F/S/R): Designed to provide a warning to help avoid collision with pedestrians or objects around the vehicle at low speeds. PDW-F/R is standard. 2026 Kia Sportage Hybrid and Plug-in Hybrid Pricing About Kia Canada Kia Canada Inc., founded in 1999, is a subsidiary of Kia Corporation based in Seoul, South Korea. The company employs over 190 people at its headquarters in Mississauga, Ontario, as well as in locations across Canada and at its regional office in Montréal, Québec. Kia offers award winning products that are dynamic, stylish and innovative and services that are meaningful and convenient through a network of 198 dealers across the country. The company's brand slogan – 'Movement that inspires' reflects Kia's desire to create the space for you to get inspired and always provide customers a better way to move forward. SOURCE Kia Canada Inc.
Cision Canada
17 hours ago
- Cision Canada
Canadian Multiple Sclerosis Nurses Among Winners of International Nightingale Award 2025
Four Canadian nurses are among eleven global recipients of the International Nightingale award for excellence in MS nursing. The awards are presented by the International Organization of Multiple Sclerosis Nurses (IOMSN) with support from Merck KGaA, Darmstadt, Germany. MISSISSAUGA, ON, June 4, 2025 /CNW/ - EMD Serono, the biopharmaceutical business of Merck KGaA, Darmstadt, Germany in the US and Canada, is pleased to announce four Canadian nurses are among the recipients of the International Organization of Multiple Sclerosis Nurses (IOMSN) 2025 International Nightingale Award. The International Nightingale Award was launched in 2020 by IOMSN, with support from Merck KGaA, Darmstadt, Germany in celebration of the International Year of the Nurse and Midwife. "As a company dedicated to advancing multiple sclerosis care for over 25 years, we recognize that MS nurses play a vital role in providing care and support to patients. We are excited to collaborate with the IOMSN in this initiative, which celebrates nursing professionals and supports impactful projects that enhance patient outcomes," said Javed Alam, Managing Director of EMD Serono Canada. Having Canadian recipients of the International Nightingale Award recognizes the significance of MS nurse contributions to patient management and highlights the leadership role that Canadian nurses play on a global level. Shantha George, a community MS nurse practitioner in Edmonton, will receive $5,000 USD to support her Fight Back: Living Well with MS Program, an initiative that focuses on lifestyle management for mental health where patients learn tips to manage anxiety and depression including breathing techniques, drumming and yoga. Stephanie McLeod, a nurse practitioner at the Alberta Neurologic Centre in Calgary will receive $5,000 USD to support the development of a new program to enhance patient and family education, empowering those affected with MS with the knowledge and support they need. Lou-Anne Robertson, a registered nurse at the Central Alberta Multiple Sclerosis Clinic in Red Deer will receive $5,000 USD to support her efforts to raise awareness about the benefits of MS nurse certification for patient care and professional growth. Trudy Campbell, a nurse practitioner at the Halifax MS Clinic, Nova Scotia Health will receive $5,000 USD to support her work on evidence informed, holistic care pathways related to health promotion to support healthy aging for persons with MS. "Since 2020, IOMSN, EMD Serono and Merck KGaA Darmstadt, Germany have proudly celebrated 'The Lady with the Lamp', Florence Nightingale, who is a symbol of compassion, data-driven care, and nursing excellence. The IOMSN Nightingale Awards empower nurses to bring bold ideas to life, driving meaningful change for those living with MS" said Bonnie Blain, President of the IOMSN. " These awards not only recognize achievement but also inspire continued innovation and leadership in nursing. We are thrilled to partner again with Merck KGaA Darmstadt, Germany to present the 2025 International Nightingale Awards. I am honored to celebrate these Canadian Nightingale Recipients whose impactful work has the potential to improve the lives of their patients and resonate across their communities." The International Nightingale Award was awarded to eleven eligible candidates who live and work in countries outside of the United States. Each will receive funding of up to 5000 US Dollars for current projects that require ongoing and/or additional funding for the growth of the program; proposed time-limited projects; personal activities that will support the professional growth and development of an MS nursing professional; and/or nursing research in MS or a related field. About Multiple Sclerosis Multiple Sclerosis (MS) is a degenerative autoimmune disease in which the myelin sheath around the nerves in the brain and spinal cord are inflamed and often damaged. It is estimated that approximately 2.3 million people have MS worldwide. Canada has one of the highest rates of MS in the world with one in 385 people living with the disease. While symptoms vary, the most common symptoms of MS include extreme fatigue, lack of coordination, weakness, tingling, impaired sensation, vision problems, bladder problems, cognitive impairment and mood changes. The relapsing forms of MS are the most common type at the time of diagnosis. About the International Organization of Multiple Sclerosis Nurses (IOMSN) Founded on May 30, 1997, International Organization of Multiple Sclerosis Nurses (IOMSN) is the first and only international organization focusing solely on the needs and goals of professional nurses, anywhere in the world, who care for people with multiple sclerosis. Mentoring, educating, networking, sharing - the IOMSN supports nurses in their continuing effort to offer hope. The mission of the IOMSN is the establishment and perpetuation of a specialized branch of nursing in multiple sclerosis; to establish standards of nursing care in multiple sclerosis; to support multiple sclerosis nursing research; and to educate the health care community about multiple sclerosis; and to disseminate this knowledge throughout the world. The ultimate goal of the IOMSN is to improve the lives of all those persons affected by multiple sclerosis through the provision of appropriate healthcare services and to make hope happen! About EMD Serono, Canada EMD Serono, Canada, is the Canadian biopharmaceutical business of Merck KGaA, Darmstadt, Germany. EMD Serono, Canada has integrated cutting-edge science, innovative products and devices, and industry-leading patient support and access programs. EMD Serono, Canada has deep expertise in neurology, fertility and endocrinology, as well as a robust pipeline of potential therapies in neurology, oncology, immunology and immuno-oncology. Today, EMD Serono, Canada has more than 100 employees across Canada with headquarters in Mississauga, Ontario. About Merck KGaA, Darmstadt, Germany Merck KGaA, Darmstadt, Germany, a leading science and technology company, operates across healthcare, life science and performance materials. Around 56,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2018, Merck KGaA, Darmstadt, Germany, generated sales of € 14.8 billion in 66 countries. The company holds the global rights to the name and trademark "Merck" internationally. The only exceptions are the United States and Canada, where the business sectors of Merck KGaA, Darmstadt, Germany operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials. Since its founding in 1668, scientific exploration and responsible entrepreneurship have been key to the company's technological and scientific advances. To this day, the founding family remains the majority owner of the publicly listed company.
