The Electric Vehicle Transmission Market is witnessing increased adoption owing to stringent emission regulations and focus on developing sustainable transportation solutions. Electric vehicle transmissions help transfer the power generated by electric motors to the wheels and facilitate vehicle movement.

Compared to traditional internal combustion engine vehicles, electric vehicles offer several advantages such as zero tailpipe emissions, reduced dependence on fossil fuels, lower operating costs, and silent operation. Moreover, advancements in battery technology and rising deployment of charging infrastructure have made electric mobility accessible to mainstream consumers. 

The Global Electric Vehicle Transmission Market is estimated to be valued at US$ 15.26 Bn in 2024 and is expected to exhibit a CAGR of 13.3% over the forecast period 2024-2031.

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