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19 Oct
11:16

EV expansion to drive SiC market to $14 billion

The global silicon carbide (SiC) device market is predicted to reach $11 billion to $14 billion in 2030, primarily driven by increasing electric vehicle adoption, according to McKinsey & Company. With EV sales estimated to reach 64 million by the end of this decade, ensuring a sufficient supply of EV components is critical. Within this, SiC is particularly important due to the advantages it offers to the EV powertrains. “Our analysis shows that compared…
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