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Electric Vehicle (EV) Range Extender Market Trends

  • Report ID: GMI12622
  • Published Date: Dec 2024
  • Report Format: PDF

Electric Vehicle Range Extender Market Trends

Advancements in range extender technologies such as fuel cells and micro-turbines are significantly improving their appeal. Fuel cells use hydrogen to generate electricity, offering a zero-emission solution that supports sustainability goals. Micro-turbines, known for their small size and high efficiency, provide a lightweight and cost-effective alternative to traditional engines. These innovations reduce fuel consumption and emissions while improving the range and performance of electric vehicles. As a result, range extenders are becoming a viable option for long-distance travel and commercial use, addressing major challenges in EV adoption.
 

Furthermore, companies operating in the market are focused on launching new and enhanced range extender technology. For instance, in May 2024, HORSE, a low-emissions powertrain systems provider, launched its latest range extender technology for passenger and light commercial vehicles. The new powertrain offers a 200km pure-electric range, with an additional 600km from the engine, totaling over 800km. This innovation lets drivers travel long distances and easily access low-emission zones.
 

The high-voltage battery in this system is over 50% smaller than those in similar EVs, leading to cost savings, reduced weight, and less strain on the critical mineral supply chain. The engine powers the battery through an electric generator, providing 50kW for passenger vehicles and 80kW for light commercial vehicles.
 

Advancing battery technologies are posing a significant challenge to the EV range extender market. As battery energy densities improve, EVs can travel longer distances on a single charge, reducing the need for range extenders. Innovations such as solid-state batteries and fast-charging solutions are making batteries more efficient and cost-effective, which may make range extenders less necessary in the future.
 

Additionally, the rapid development of faster charging infrastructure allows EVs to recharge more conveniently and frequently, further decreasing reliance on range extenders. As a result, automakers and consumers are focusing more on pure electric solutions with better battery capabilities, reducing the role of range extenders in many EV models.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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

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.

Electric Vehicle Range Extender Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 175
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