EV Motor Market Expected to Grow at a CAGR of 9.2% Between 2025 and 2035
New Delhi, India – October 30, 2025:
According to a recent report released by MarketGenics India Pvt. Ltd., the global electric vehicle (EV) motor market is set for robust growth over the next decade. The study projects that the market will expand from around USD 14.3 billion in 2025 to USD 34.5 billion by 2035, registering a compound annual growth rate (CAGR) of approximately 9.2%.
The report highlights that the rapid growth of the EV motor industry is being fueled by advancements in motor efficiency, improved battery and thermal management systems, and a growing global charging infrastructure network.
Key Growth Drivers
Advancements in Motor Efficiency
Manufacturers are increasingly focusing on lightweight, compact, and high-efficiency motors to enhance the overall performance and range of electric vehicles. Innovations in permanent magnet and induction motor designs are helping automakers reduce energy loss and boost driving range.Enhanced Battery and Thermal Systems
Continuous improvements in battery cooling and thermal management are ensuring better energy utilization and longevity. These systems play a vital role in maintaining optimal motor performance, particularly in high-temperature environments.Expanding Charging Infrastructure
The expansion of fast-charging and ultra-fast-charging networks across key markets such as the US, Europe, China, and India is enabling faster EV adoption. Public and private investments in charging infrastructure are expected to further boost the demand for electric vehicle motors.
Regional Insights
Asia-Pacific (APAC) continues to lead the global EV motor market, driven by strong demand from China, Japan, South Korea, and India.
Europe remains a key region due to stringent emission regulations and growing investments in electric mobility transition.
North America is also witnessing increased adoption, supported by government incentives and a surge in EV manufacturing facilities.
The report by MarketGenics predicts that technological collaboration between automakers and component manufacturers will accelerate innovation in electric powertrains. The increasing integration of AI-based motor control systems and smart sensors is likely to redefine efficiency benchmarks in the coming years.
With the global transition toward sustainable transportation, the EV motor industry is set to play a central role in shaping the future of electric mobility.