Electric Vehicles Research
Sep 13, 2024
Enabling Lower Cost EVs Through Electric Motor Development
The growth of the EV market has slowed significantly in Europe and the US in the first half of 2024. A key route to reinvigorating growth will be the release of models in a more affordable price range. To this end, there are many avenues to reduce the cost of an EV. While the battery rightly takes focus, other components throughout the vehicle, such as the electric motor, can contribute to cost reduction too.