Press Release

Europe Electric Vehicle Motor Market to Surge at an Estimated CAGR of Around 16% During 2025-30

The Europe Electric Vehicle Motor Market size was valued at around USD32.9 billion in 2024 and is projected to reach USD80.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report.

This rise in the market is observed due to the need for urbanization, strict regulatory norms, the economic stability of the population, and other factors. Thus, a significant rise in the demand for electric vehicles is observed in Europe. It is also due to the incentives and low tax policies on the purchase of low-emission vehicles. The European government authorities are offering grants and investing in developing the electronic vehicle ecosystem in the nation. For instance, the government of Spain has reduced the road tax for BEVs in the main cities, such as Barcelona, Madrid, etc., to nearly 75% since 2021. Similarly, the other European countries' governments are undertaking initiatives to promote electric vehicles. In electric vehicles, an electric motor aids in the operation of the cars, thus raising the demand for electric vehicle motors in Europe.

Moreover, the advancements of AI in the automotive sector have resulted in the formation of the Autonomous Driving System. It provides a safe driving experience to the drivers as it alerts them about the threat and automates the vehicle while following the traffic regulations. Hence, resulting in the lowering of road accidents. Such systems require cameras, processors, etc., which are powered by the motors in the vehicle. Hence, this provides a potential for further research and advancements in the motors.

Additionally, the motors have sensors in the motor, which detect the motion and apply force. This reduces the mechanical force of the driver and provides a smooth driving experience.  The mechanism of the electric vehicle motor enhances fuel efficiency and reduces the maintenance cost of the vehicle. Hence, the technological advancements and premium driving experience further boost the market growth, further states the research report, “Europe Electric Vehicle Motor Market Analysis, 2025.”

Segmentation Analysis

Battery Electric Vehicle Dominates the Europe Electric Vehicle Motor Market

Based on the variant, the market is further bifurcated into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Fuel Cell Electric Vehicle (FCEV). BEV is the fastest-growing segment of all, with a share of around 63%. This is due to the efficiency and technological advancements in battery-operated electric vehicles. The motor of a BEV is powered by a battery, which operates the overall functioning of the vehicle. This electric vehicle produces zero emissions; thus, it is a preferable choice in Europe.

Approximately 28.4% of new BEV registrations were observed in the first two months of 2025. In BEV, there is no loss in energy as there is no combustion, which reduces the overall cost of the vehicle. This results in a rise in the ownership of battery-based electric vehicles, as it can be budget-friendly for middle-income Europeans. Henceforth, this raises the demand and market share of BEV.

Germany Driving the European Electric Vehicle Motor Industry

Germany is leading the electric vehicle market in Europe (with a share of more than 35%) due to the global leaders of the luxurious automobile industry, such as Volkswagen, which supports the advances and innovation, being based in the country. These brands support the European legislative guidelines, such as Fit for 55, etc., and set the European standards.

Moreover, several policies and government schemes, and incentives for the support of electric vehicles due to their low emission of pollutants generate the demand for electric vehicles.  This has resulted in a rise in the middle economy for individuals in the region to have ownership of electric vehicles. Thus, the government support raises the demand for electric vehicle motors in the country.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Siemens AG, Bosch, Schaeffler, ZF Friedrichshafen AG, Valeo, Continental AG, Nidec Corporation, YASA Motors, BorgWarner, GKN Automotives, Magna International, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries in the region?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?