Electric Vehicle Range Extender Market: From $1.1 Billion to $3.2 Billion, Market [Growth]
The global electric vehicle (EV) range extender market is undergoing rapid expansion, driven by a combination of technological innovations, government support, shifting consumer preferences, and growing concerns over environmental degradation. According to the TechSci Research report titled “Global Electric Vehicle Range Extender Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the market stood at USD 1.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2028. The inclusion of range extenders in EVs is a strategic response to one of the most significant barriers in EV adoption—limited battery range. As stakeholders across the automotive value chain increasingly prioritize efficiency and sustainability, range extenders serve as a vital transitional technology that bridges the gap between conventional internal combustion engine (ICE) vehicles and fully battery-power...