Electric Vehicle Range Extender Market is Projected to Reach 560,000 Units by 2027

Electric Vehicle Range Extender Market is Projected to Reach 560,000 Units by 2027

The Global Electric Vehicle Range Extender Market is projected to reach 560,000 Units by 2027 at a CAGR of around 10.8%.

The electric vehicle range extender is an auxiliary power unit (APU) to improvise electric vehicles range during exhaustion of battery capacity after covering a certain distance. They are classified into thermodynamic or electrochemical sources. An electric generator is a thermodynamic source of energy that has an engine as the main mover. Fuel cells are electrochemical sources of energy that have been used as range extenders in electric vehicles. It uses hydrogen to produce electricity, which helps in reducing vehicular emissions. Electric vehicle range extenders are mostly used in industrial vehicles and heavy commercial vehicles.


Market Driver:

Rising Demand for Electric Vehicles

The electric vehicle range extender is used in electric vehicles to increase the range while the battery capacity is exhausted. With growing government support for zero-emissions are driving automotive manufacturers towards innovative solutions which is an outcome for the rising demand for electric vehicles. The electric vehicles Market is rapidly growing across the world due to environmental regulations such as the Clean Air Act and others. Furthermore, as per EV30@30, a campaign of clean ministerial aims to reach 30% sales share for electric vehicles by 2030.

Therefore, the rising demand for electric vehicles coupled with initiatives such as EV30@30 will drive the global electric vehicle range extender Market.

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Long Range Driving Capability of Electric Vehicles

In battery electric vehicles (BEVs) range anxiety is one of the major concerns that a vehicle has insufficient range to reach its destination. Electric vehicles manufacturers have solved the range anxiety concerns by increasing battery capacity through range extender. As per, implementation is done by the BMW i3 or the Chevrolet Volt by using range extender solution the internal combustion engine switches on the battery recharge mode before it is empty and thus results in long-range driving.

Therefore, the long-range driving capability of electric vehicles is expected to boost the electric vehicle range extender Market growth.

Market Restraint:

High Cost of Battery

Electric vehicles use lithium-ion batteries, which are expensive. This results in a high initial cost of electric vehicles. The high cost of the battery is attributed to the high cost of raw materials, i.e. lithium, titanium, cobalt, and others. The mining and extraction of these materials is a complex process, which increases the overall cost. Moreover, the transportation of these materials from the mining site to the battery manufacturing site adds up the cost.

Thus, the high cost of the battery is expected to decline the Market growth of electric vehicle range extender.

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Electric Vehicle Range Extender Market: Key Segments

  • Based on Type: Internal Combustion Engines (ICE), Fuel-cells, and Others.

Electric Vehicle Range Extender Market: Report Scope

The report on the electric vehicle range extender Market covers a deep dive analysis of historic, recent and current Market trends. Furthermore, Market share/ranking analysis of key players, Market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Electric Vehicle Range Extender Market include:

  • MAHLE GmbH (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

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Electric Vehicle Range Extender Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Electric Vehicle Range Extender Market, by Type

  • Internal Combustion Engines (ICE)

Electric Vehicle Range Extender Market, by Components

  • Pulley/ Belts

Electric Vehicle Range Extender Market, by Vehicle Type

  • Passenger Cars

Electric Vehicle Range Extender Market, by Sales Channel

  • Original Equipment Manufacturers (OEM)

Electric Vehicle Range Extender Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

Key Questions answered by the report

  • What are the prominent developments affecting the Market worldwide and its growth?

Table of Content


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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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