The high efficiency and power density of SiC devices are vital for enhancing xEV performance, with applications in critical components such as power converters, main drive inverters, on board couriers, battery chargers, bidirectional DC/DC converters (high voltage), and motor drives. The xEV sector shows the strong CAGR of 65.1% from 2020 to 2024, followed by a still-impressive 41.6% from 2025 to 2029. Benefiting from the unique advantages that SiC power semiconductor devices could offer, such as lower conduction resistance, smallerchip size, higher operating frequencies, and the ability to withstand higher environmental temperatures, the penetration rate of SiC power semiconductor devices in the xEV sector has been on an upward trajectory, starting 19.2% in 2024 and projected to reach 47.7% by 2029.
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