Electric Vehicle Range Extender Market Trends 2022-2027

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Global Electric Vehicle Range Extender Market Research Report:

According to the latest report by IMARC Group, titled “ Electric Vehicle Range Extender Market: Global Industry Trends, Share, Size, Growth, Opportunity an d Forecast 2022-2027

” the global electric vehicle range extender market reached a strong growth in 2021.

Battery electric vehicles (BEVs) usually have low range characteristics, which increase the need for electric vehicle range extenders. They can initiate additional power to charge the battery. Electric vehicle range extenders are commonly available in various forms, such as fuel cells, internal combustion engines (ICEs), and other engine types. They are auxiliary power units (AUP) consisting of an onboard converter that simulates electrical energy from liquid fuel, including gasoline. Electric vehicle range extenders assist original equipment manufacturers (OEMs) in lowering the capital costs of BEVs by downsizing the battery.

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Global Electric Vehicle Range Extender Market Trends :

The growing consumer inclination towards hybrid electric vehicles (HEVs), owing to the limited coverage of automobiles, is primarily driving the electric vehicle range extender market. Besides this, the escalating demand for these devices that are powered using environmental-friendly energies, such as solar power or biodiesel, is further augmenting the market growth. Moreover, the development of clean electric vehicle range extenders that emit zero local carbon dioxide (CO2) gases is also catalyzing the global market.

Apart from this, the rising need for a considerable alternative to conventional motorcars as they increase noise and atmospheric pollution is acting as another significant growth-inducing factor. Additionally, the introduction of innovative devices equipped with micro gas turbines and solid oxide fuel cells (SOFCs), thar provide high power density and are compact as well as cost-effective, is expected to bolster the electric vehicle range extender market in the coming years.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Ballard Power Systems Inc.

Bayerische Motoren Werke AG

Ceres Power

Emoss Mobile Systems B.V. (Precision Camshafts Limited)

General Motors Company

Magna International Inc.

MAHLE GmbH

Nissan Motor Co. Ltd. (Groupe Renault)

• Rheinmetall AG.

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