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In order to ensure almost emission- and pollution-free transportation, Austria has a lot of potential for increasing the use of renewable energy sources and encouraging climate-friendly power generation.
Austria is steadily reducing its reliance on expensive fossil energy imports and boosting supply security by promoting electric mobility.
In order to maintain automotive parts ahead of the competition, guarantee reliable performance, and ensure consumer comfort and security, EV test equipment is being used to evaluate different EV components, including batteries, motors, and other components.
The Austria EV Components Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Magna said that they are developing a broad variety of electric vehicle components to assist automakers in going electric and integrating electric cars into both new and pre-existing vehicles.
Magna has been creating, manufacturing, and supplying the automobile industry with parts for years. Magna has the capacity to construct automobiles from the ground up at its facility in Austria and has done so for some time on behalf of industry giants like Jaguar, Mercedes-Benz, VW, and others.
With the majority of their engineering committed to “electrified” vehicle technology, Magna is changing and pivoting towards electric cars. From conventional hybrids through mild hybrids, plug-in hybrids, and more recently, completely electric cars, the solutions cover the whole range of the market.
Magna has emerged as a partner these OEMs can approach to make it simple to convert an existing platform to a plug-in hybrid or even to add a second motor to the front of a fully electric vehicle to provide all-wheel drive functionality. This is because so many traditional manufacturers are unsure of plans to electrify their fleets.
