Research firm MarketandMarkets forecasts that the military vehicle electrification sector will reach a value of US$15.1bn in 2027, up 331% from US$3.5bn in 2022. Given the rapid progress of electric vehicles (EVs) in the commercial market, both technologically and economically, this growth is hardly surprising.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
