Governments worldwide are increasingly investing in electric mobility. Government regulations to phase out fossil fuel-powered vehicles, investments in improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for EV adoption are expected to support the growth of this market. With advancements in electric drivetrain technologies, governments across the world are transitioning to electric vehicles for sustainable public & private transportation.

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Battery Management Systems Market Size, Share & Growth 2030

The global Battery Management Systems Market is projected to reach $34.8 billion by 2030, with a 20.5% CAGR from 2023, driven by rising energy storage demand.