Automotive Retrofit Electric Vehicle Powertrain Market Analysis

Component Type (Transmission, Electric Motors, Converter, Battery, Controller)

The transmission segment in the automotive retrofit electric vehicle powertrain market is poised to capture a share of 32.1% in the coming years, impacting the landscape of the automotive retrofit electric vehicle powertrain sector. Significant growth in this revenue share is anticipated as a result of the ability to multispeed transmission and to create load-shifting capability on account of the latest research and development. For instance, Porshe Taycan 2020 has a feature of two-speed automatic transmission near its rear axle in its EV. The goal of this multispeed gearbox is to increase efficiency and acceleration at higher speeds. In addition, the Taycan has the option to run mainly on its front axle by disconnecting its rear axle.

Vehicle Type (Commercial Vehicle, Two Wheelers, Passenger Vehicle)

The commercial vehicle segment in the automotive retrofit electric vehicle powertrain market is set to be a fast-growing segment with a substantial CAGR by the end of the forecast period. This growth is accredited to the growing consumer demand for cars for everyday use, along with the rapid adoption of electric vehicles, especially in developing countries. According to a recent report by Research Nester in 2024, 24.93 million vehicles were projected to be sold globally in the commercial vehicle market.

Our in-depth analysis of the automotive retrofit electric vehicle powertrain market includes the following segments: