Electric Vehicle Range Extender (ICE Range Extender, Fuel Cell Range Extender, and Others) Market - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The “Electric Vehicle Range Extender Market by Type (ICE Range Extender, Fuel Cell Range Extender, and Others), Component (Battery Pack, Generator, Power Converter, and Electric Motor), Vehicle (PC and CV), and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
Increasing demand for driving range extension of the electric vehicles is set to drive electric vehicle range extender market.
The electric vehicle range extender market is estimated to be 218,129 units in 2018 and is projected to reach 479,027 units by 2025, at a CAGR of 11.89% during the forecast period.
The market is principally driven by the increasing demand for driving range extension of electric vehicles. The growing demand for reducing the problem of range anxiety is expected to drive the growth of the electric vehicle range extender market. On the other hand, the increasing focus of OEMs towards extending the driving range of battery electric vehicles (BEVs) can hinder the growth of electric vehicle range extender market.
OEMs such as Nissan (Japan), Mahindra (India), Volkswagen (Germany), General Motors (US), Tesla (US), and others are focusing towards increasing the driving range of an electric vehicle (EV) by fitting more efficient batteries in EVs. According to the US Department of Energy and Transportation, the median driving range of an electric vehicle increased from 73 miles (117 km) in 2011 to 114 miles (183 km) in 2017 in the US.
ICE range extender is estimated to be the largest market, in terms of volume. Most of the manufacturers are currently offering ICE range extender electric vehicles. For instance, BMW offers BMW i3 REx, which delivers an additional driving range of approximately 156 Km. General Motors offers a Chevrolet Volt range extender. Likewise, JAC offers JAC iREV PHEV range extended vehicle, and Nissan offers Note e-Power range extender. The cost of an ICE range extender is lower than other range extenders. The low-cost advantage is expected to drive the ICE range extender market in the near future.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electric Range Extender Market, By Type
7 Electric Range Extender Market, By Component Type
8 Electric Range Extender Market, By Vehicle Type
9 Electric Vehicle Range Extender Market, By Region
10 Competitive Landscape
11 Company ProfilesMagna International MAHLE Rheinmetall Plug Power Ballard Power Systems AVL FEV Delta Motorsport Ceres Power Nissan General Motors BMW Bjorksten Bit 7 (BB7) Wrightspeed Nikola Motor Company EP Tender Fagor Ederlan Group Arcola Energy Advanced Innovative Engineering Ashwoods Electric Motors Obrist Powertrain Symbio Horizon Fuel Cell Technologies Mazda
For more information about this report visit https://www.researchandmarkets.com/research/hqhkf4/electric_vehicle?w=4
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Related Topics:Electric and Hybrid Vehicles
INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/24/2018 01:49 PM/DISC: 08/24/2018 01:49 PM