
- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
An electric motor replaces the internal combustion engine in all-electric vehicles, often known as battery electric vehicles (BEVs).
Plugging an electric vehicle into a charging station allows it to draw power from the grid. They power an electric motor, which rotates the wheels, by storing the electricity in rechargeable batteries.
Electric automobiles feel lighter to drive because they accelerate more quickly than cars with conventional fuel engines.
The Serbia electric car 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.
Serbian automaker Stellantis will make electric vehicles. In the future, Stellantis intends to produce electric vehicles in Serbia. The group claims that the Stellantis factory will begin producing a new electric small model.
Stellantis indicated in the statement that another electric model might be offered in the future. It is not surprising that more plants will make electric cars in the future or are being converted to do so given the group's electric plans for Europe.
In Kragujevac, the electric Panda's replacement might roll off the assembly line. An electric Panda, which is little taller than the Fiat 500, would also suit the STLA Compact; however, the similarities with the 500L, which shares only the 500L's name and a few design cues with the iconic small car, are significantly stronger.
Nidec, a Japanese company, has declared its intention to establish a new electric motors company in Serbia. In order to begin making plans to start the factories in full swing, the company arranged a ceremony to officially open a new business office in Novi Sad.
Demand for automotive motors and related products as well as high-efficiency brushless DC motors for the home appliance industry is rising in Europe, where environmental rules and major countries' CO2 emission limits for automobiles are getting more stringent.
Given the situation, Nidec plans to consolidate the Group's production activities in the East European region by opening new factories in Serbia, and for Nidec's Automotive Motor & Electronic Control Business Unit and group companies to launch numerous new products in order to create an effective system to supply the aforementioned and other products in Europe.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |