Market research reports, consulting: Global Market Insights Inc.

Home > Automotive > Automotive Parts > Interior Parts > electric vehicle range extender market

Electric Vehicle Range Extender Market Share

Report ID: GMI12622 Published Date: December 2024Report Format: PDF
Download Free Sample
Summary
Table of Content

Electric Vehicle Range Extender Market Share

Electric Vehicle Range Extender Company Market Share, 2024

Mahle and AB Volvo hold a market share of around 10% in the EV range extender market. Mahle is focused on expanding its portfolio to include hydrogen fuel cell technology, crucial for the EV range extender market. The company are integrating fuel cell-based range extenders for both passenger vehicles and commercial trucks. This aligns with global trends towards zero-emission and sustainable mobility solutions, especially in areas with growing hydrogen infrastructure.

Volvo is investing heavily in electrification as part of its strategy to offer a range of electric and hybrid vehicles. The company is focused on adding range extenders to their hybrid models, particularly for commercial vehicles such as trucks and buses, to allow longer operational ranges without compromising on sustainability. The company aims to lead in electrifying heavy-duty vehicles with range-extender solutions, meeting the growing demand for zero-emission commercial fleets.

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
Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

Who are the major players in the electric vehicle range extender industry?+

The major players in the industry include AB Volvo, AVL, Ballard Power Systems, Ceres Power, General Motors, Horse Powertrain, Hyundai Mobis, Mahle, Schaeffler, and Valeo.

How much is the North America electric vehicle range extender market worth?+

The North America market accounted for 30% of the revenue share in 2024, propelled by government incentives, tax credits, and stricter emissions regulations.

What is the market share of the passenger cars segment in the electric vehicle range extender industry?+

In 2024, the passenger cars segment held a market share of over 65% and is expected to exceed USD 1.5 billion by 2034, led by the expanding electric vehicle charging infrastructure in rural and suburban areas.

How big is the global electric vehicle range extender market?+

The market size of electric vehicle range extender reached USD 1.4 billion in 2024 and is set to grow at a CAGR of 8.5% from 2025 to 2034, driven by rising environmental awareness and stricter government regulations.

Electric Vehicle Range Extender Market Scope

Related Reports

Buy Now

Buy Now

Premium Report Details

Download Free Sample