Electric Vehicle Range Extender Market Share

Electric Vehicle Range Extender Market Share

Mahle and AB Volvo hold a market share of around 10% in the EV range extender industry. Mahle is directed at including the hydrogen fuel cell technology in its scope, which is pivotal for the EV range extender market. The firm is introducing fuel cell based range extenders for passenger cars and commercial vehicles. This is consistent with the worldwide transition towards zero emissions and sustainable mobility technologies, especially for regions where hydrogen infrastructure is being developed.
 

Volvo is putting up a significant investment in electrification which is in line with its plan of providing a wider array of electric and hybrid vehicles. The emphasis of the company is to further on the range extenders which will be added to their hybrid commercial vehicles such as buses and trucks for longer distance without compromising on the environment. The company envisions to be a leader in the electrified heavy-duty vehicles market with range-extender solutions which addresses the ever increasing need of zero emission commercial fleet.
 

Electric Vehicle Range Extender Market Companies

Major players operating in the EV range extender industry include:

• AB Volvo
• AVL
• Ballard Power Systems
• Ceres Power
• General Motors
• Horse Powertrain
• Hyundai Mobis
• Mahle
• Schaeffler
• Valeo
   

The electric vehicle range extender market consists of international and regional vendors and has a pronounced regional segmentation that helps manufacturers meet the various needs of the owners of passenger, commercial and recreational EVs. Participating firms in this market are acquired by major players as they acquire foreign companies and have evolving platforms that offer a wider range of extender concepts including fuel cell systems, integrated ICEs, and batteries.
 

Their work concepts on such metrics as weight efficiency, energy saving, or enhancement of compatibility with existing electric vehicle architectures have helped them remain leaders of global markets especially in the EV and supporting infrastructure saturated regions.
 

Regional suppliers provide goods with an in-depth understanding of the local market and delivering that are price-sensitive and tailored to the customer’s needs, for instance, compatibility with popular EVs in the region to ensure affordability. But the shift in market preference towards longer driving ranges, cost-effective other measures and tougher emission laws is forcing regional players to either invent or for alliances with bigger international rivals.
 

The electric vehicle range extender market is expected to feel significant consolidation that is backed by further mergers and acquisitions because local firms are trying to lessen technology gaps and improve their market position. This consolidation would transform the competitive landscape of the EV range extender business and stimulate the development and optimization of new range extension technologies across the globe.