The rising demand for hybrid electric and battery electric vehicles is expected to propel the global market for automotive battery management systems to considerable growth over the recent years. The introduction of strict government rules regarding environmental degradation and government incentives in the form of subsidies, grants, and tax rebates to promote the use of eco-friendly forms of transportation have led to an increase in demand for these cars. Consequently, such growth determinants give the market a positive outlook over the forecasted timeline.
