Electric Vehicle Market Growth and Industry Analysis
The EV Tire Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.
The tires on electric cars might look similar to those on cars that run on fossil fuels. However, they differ in terms of the parts used in manufacturing. Electric vehicle tires are 20% lighter than tires for vehicles powered by fossil fuels. This is so that fewer rubber and other raw materials are used in electric automobiles. Tires for electric vehicles typically have a 30% reduction in rolling resistance. Thus, compared to conventional tires, electric vehicle tires have a longer useful life.