Electric Commercial Vehicle Traction Motor Market

The electric commercial vehicle traction motor market is projected to grow from USD 2.3 billion in 2025 to USD 7.5 billion by 2035, at a CAGR of 12.7%. Permanent magnet synchronous motors (PMSM) will dominate with a 42.3% market share, while pickup trucks will lead the vehicle segment with a 30.4% share.