About EV Transmission
The popularity of electric vehicles (EVs) as a greener option to curb environmental pollution has shot up in recent times. There has been a shift in public perception from disapproving electric vehicles as costly and inferior in terms of quality such as power, efficiency, and comfort to a more viable option for transportation. Electric cars are powered by electric motors, unlike the internal combustion (IC) engines that run on gasoline or diesel. The electric vehicle gets the energy stored in its batteries, which are rechargeable. Earlier during its launch, electrical vehicles were not widely adopted because of the low driving range and the need to recharge again. The charging stations were slow charging points, which used to take multiple hours to charge the battery.
the global EV transmission market to grow at a CAGR of 46.73% during the period 2016-2020.