Electric Vehicle Motor Market Size to Uplift USD 71.92 Bn by 2034 [Yahoo! Finance]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Yahoo! Finance
Ottawa, April 14, 2025 (GLOBE NEWSWIRE) -- The global electric vehicle motor market size was valued at USD 20.20 billion in 2024 and is predicted to hit around USD 71.92 billion by 2034, a study published by Towards Automotive a sister firm of Precedence Research. Get All the Details in Our Solutions – Download Brochure: https://www.towardsautomotive.com/download-brochure/1021 Market Overview: The electric vehicle motor market is growing rapidly due to the global shift toward sustainable transportation and stringent emission regulations. As electric vehicles become more prominent , the need for efficient and high-performance electric motors increases , resulting in greater investment in research and development as well as technological progress. These motors, which are essential for EV propulsion systems, significantly influence vehicle performance, energy efficiency, and driving range. There are various types of motors available, such as AC induction motors, permanent magnet
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- 11/5/25 - Form 13F-HR
- 11/5/25 - Form 6-K
- TM's page on the SEC website