Worldwide Electric Vehicle Range Extender Industry to 2024 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com

By Benzinga10 days ago

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The “Global Electric Vehicle Range Extender Market 2020-2024“ report has been added to ResearchAndMarkets.com's offering.

The electric vehicle range extender market is poised to grow by $290.20 million during 2020-2024 progressing at a CAGR of 5% during the forecast period.

This report on the electric vehicle range extender market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the increasing demand for plug-in hybrid electric vehicle, governing bodies promoting the sales of electric vehicles and benefits associated with engine downsizing. In addition, increasing demand for plug-in hybrid electric vehicle is anticipated to boost the growth of the market as well.

The electric vehicle range extender market analysis includes application segment and geographical landscapes. This study identifies the high cost of energy efficient cars triggering the demand for range extenders in affordable EVs as one of the prime reasons driving the electric vehicle range extender market growth during the next few years. Also, proliferation of long-range electric vehicles and development of ...

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