The global electric vehicle motor market exceeded USD 85 billion in 2024 and is projected to reach approximately USD 576.57 billion by 2034. This growth highlights the crucial role that electric vehicle motors play in the ongoing EV revolution.
In the latest industry news, Biesse, a leader in integrated solutions for processing wood, glass, stone, plastic, and composite materials, recently unveiled innovative woodworking technology at INDIAWOOD 2025. Meanwhile, Infineon showcased cutting-edge microcontroller solutions at Embedded World 2025, further emphasizing advancements in the electronics sector.
The battery industry is facing a dual challenge, which has significant implications for the development of electric vehicles. On another note, SkyDrive has partnered with AeroGulf Services to secure a pre-order of 50 eVTOL aircraft, marking a significant step in the evolution of electric aviation.
In the field of test and measurement, Honeywell introduced AI-powered technology aimed at streamlining healthcare testing, while Keysight expanded its RF and microwave portfolio, offering new fast and compact solutions.
Recent partnerships, such as that between Nasscom and KITS, aim to enhance intellectual property creation and commercialization in the technology space.
Overall, the electric vehicle and technology sectors are advancing rapidly, driven by innovations in motors, energy storage, and smart solutions, paving the way for a cleaner and more efficient future.
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