More than 160m EV motors needed annually by 2035 – report

At least 160 million electric motors will be required annually within 10 years, says a new report from IDTechEx.

Electric Motors for Electric Vehicles 2025-2035: Technologies, Materials, Markets, and Forecasts outlines what’s needed to meet the demand for EVs, micro-EVs, buses, vans and trucks.

“The rapidly growing electric vehicle market puts a huge demand on electric motors across several global regions and different vehicle categories,” says IDTechEx.

“Within this market, there are trends around motor technology and topology, power and torque density, materials utilisation, and thermal management.

“This new IDTechEx report addresses these trends within the markets for battery-electric or hybrid cars, vans, trucks, buses, two-wheelers, three-wheelers, and microcars, with OEM use-cases, benchmarking, and granular market forecasts.”