Global Power Electronics for Electric Vehicle Market size to surpass USD 101.76 bn revenue by 2030

The Global Power Electronics for Electric Vehicle Market size is expected to grow from USD 8.85 billion in 2022 to USD 101.76 billion by 2030, at a CAGR of 35.70% during the forecast period (2023-2030).
Power electronicsin electric vehicles are in charge of converting and managing the system's supply of electric power. The electric vehicle system uses some of the main power electronic components and functionality.