Škoda Enyaq iV

Global Automotive Fuse Market Report 2022 to 2027: Electric/Hybrid Vehicles is Anticipated to Grow at Major Rate - ResearchAndMarkets.com

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Tuesday, January 3, 2023
EV, Electric Vehicles, Automotive, Government, International Energy Agency, Legislation, Lexus, EV, Škoda Auto, Projection, Transport, Republic, CBU, USD, Traction, BYD, Dongfeng, Bev, Investment, Volkswagen, Carbon, BEV, Hyundai, IEA, Rail transport, Renewable energy, Škoda Enyaq iV

As a result, the trend toward vehicle electrification is expected to boost sales of car components such as automotive fuse boxes in the coming years.

Key Points: 
  • As a result, the trend toward vehicle electrification is expected to boost sales of car components such as automotive fuse boxes in the coming years.
  • The significantly growing electric vehicle market, alongside the integration of fuses in the operational models, is set to accelerate the demand for the automotive fuse market during the forecast period.
  • However, before committing to local manufacture, the company might bring its first EV, the Enyaq, to market as a CBU.
  • In December 2021, Hyundai announced plans to invest USD 530.25 million in R&D in India, to launch six electric vehicles by 2028.