The “Off-Highway” Electrification Challenge
Off-highway electrification has moved from possibility to inevitability. Across construction, agriculture, and mining, OEMs are under pressure to deliver cleaner, quieter, and lower-cost machines. With the off-highway electric vehicle (OHEV) market expected to grow from around $8 billion in 2024 to over $80 billion by 2033, this is no longer an early-adopter phase – it’s an industrial revolution.