tipFebruary 16, 2021
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Due to strict emissions regulations from government bodies and increase in awareness about electric vehicles, the demand for hybrid and fully electric vehicles is rising. The automotive OEMs are concentrating towards the usage of regenerative braking systems in electric vehicles to increase their range. The automotive regenerative braking system is a type of component, which is installed in vehicles to save energy and emissions whenever brakes are applied. Regenerative braking systems support for lowering consumption in hybrid vehicles and reducing their carbon footprint. These braking systems can also increase the range of electric vehicles.
MARKET DYNAMICS
Some of the major factors that are propelling the growth of automotive regenerative braking system market include, rising concern about pollution made by vehicles, demand of fuel-efficient vehicles and increase in adoption of electric cars. Moreover, the adoption of RBS in electric buses and coaches is expected to contribute to the growth of the automotive regenerative braking system market in the coming years.