India, Aug. 21 -- The buzz around electric vehicles may have quieted, but the market for the power semiconductors that drive them is only getting started. Against this backdrop, Yole Group released its latest report, Automotive Powertrain and Electrification 2026 - Focus on Power Electronics, offering a comprehensive analysis of the market, technologies, and supply chain shaping the xEV power-device landscape.

Following a "reality check" in 2024-2025, when hybrid vehicles gained ground and battery-electric growth slowed temporarily, the xEV industry is regaining momentum. Yole Group forecasts xEV production to grow at a double-digit CAGR25-31 to around 70% of global light vehicle production, with battery-electric vehicles alone accountin...