YoleGroup forecasts xEV production will grow at a double-digit CAGR from 2025–31 and account for roughly 70% of overall light-vehicle output by 2031, with BEVs reaching about 33 million units. Electrification will push demand for traction/power semic

2026-08-06

YoleGroup forecasts xEV production will grow at a double-digit CAGR from 2025–31 and account for roughly 70% of overall light-vehicle output by 2031, with BEVs reaching about 33 million units. Electrification will push demand for traction/power semiconductors to an estimated $14.5bn by 2031, a 14% CAGR and more than double the 2025 level.