EV Range Extender Market to Reach USD 2.64 Bn by 2031 Amid Growing Focus on Addressing Range Anxiety, Reports Mordor Intelligence
The electric vehicle range extender market is expected to grow at a CAGR of 12.11% during the forecast period, supported by rising demand for extended driving range and improved energy efficiency. Range extender technologies provide auxiliary power to electric drivetrains, enhancing usability across passenger and commercial vehicle segments.
Hyderabad, India, May 12, 2026 (GLOBE NEWSWIRE) — According to the latest report by Mordor Intelligence, the electric vehicle range extender market size is projected to grow from USD 1.49 billion in 2026 to USD 2.64 billion by 2031, registering a CAGR of 12.11% during the forecast period. The market is gaining traction as automakers seek practical solutions to reduce range anxiety while managing battery costs. Battery prices are projected to decline from USD 139/kWh in 2024 to nearly USD 113/kWh in 2025, supporting improved cost economics for range-extended EVs. Europe currently leads the market, while Asia-Pacific is witnessing rapid growth, driven by rising demand for extended-range electric SUVs and expanding production capabilities in China.
EV Range Extender Market Trends and Drivers
Declining Battery Costs Supporting Affordable Hybrid EV Designs
Lower battery costs are making range-extended electric vehicles more affordable for automakers and consumers. Manufacturers are increasingly combining smaller battery packs with auxiliary power systems to improve efficiency while controlling production costs. Growing adoption of lithium-iron-phosphate batteries and expanding local battery manufacturing in the U.S. and Europe are further supporting the development of cost-effective hybrid EV platforms.
Strict Zero-Emission Policies Boosting OEM Investment in Range Extenders
Stricter emission regulations across major markets are encouraging automakers to accelerate the shift toward hybrid and range-extended electric vehicles. Governments in Europe and North America are introducing tougher clean mobility standards, pushing OEMs to develop flexible vehicle platforms that can support both fully electric and range-extended models while charging infrastructure continues to expand.
EV Range Extender Market Share by Region
Europe remains a key market for electric vehicle range extenders due to strict emission regulations and growing demand for cleaner urban transportation. Automakers across the region are integrating range-extender technologies into hybrid platforms to support low-emission mobility goals.
Meanwhile, Asia-Pacific is witnessing rapid growth, led by strong consumer demand for extended-range electric SUVs in China and increasing interest in flexible EV solutions across Japan and India, especially for long-distance and commercial transportation.
“Our evaluation of the electric vehicle range extender market reflects measurable shifts in usage needs and pricing dynamics, with Mordor Intelligence grounding insights in corroborated datasets and disciplined review to offer a steady, well-substantiated industry view.” Says, Phani Kumar, Senior Research Manager, Mordor Intelligence.
EV Range Extender Industry Segmentation
By Type
- ICE Range Extender
- Fuel Cell Range Extender
- Solid-Oxide Fuel Cell Range Extender
- Micro-Turbine Range Extender
- Other Emerging Technologies
By Component
- Battery Pack
- Electric Motor
- Generator
- Power Converter
- Control Unit
- Thermal Management System
By Vehicle Class
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Off-Highway Vehicles
By Power Output
- Less than 30 kW
- 30–60 kW
- 60–100 kW
- More than 100 kW
For a full breakdown of market size, segmentation data, and competitive intelligence, access the details of the Mordor Intelligence report –
EV Range Extender Companies
- MAHLE International GmbH
- Rheinmetall Automotive AG
- Ceres Power Holdings plc
- Ballard Power Systems Inc.
- AVL List GmbH
- Magna International Inc.
- Horizon Fuel Cell Technologies
- Plug Power Inc.
- Nissan Motor Co., Ltd.
- BMW AG
- General Motors Co.
- Lotus Engineering
- Nikola Corporation
- REE Automotive
- Wrightspeed
- Tata Motors Ltd.
- Toyota Motor Corporation
- Ashok Leyland Ltd.
- Hyundai Motor Company
- Weichai Power Co., Ltd.
- Cummins Inc.
- Jiangling Motors Co., Ltd.
Industry Related Reports by Mordor Intelligence
Automotive 3D Printing Market Size: The global automotive 3D printing market is projected to grow from USD 6.85 billion in 2026 to USD 14.39 billion by 2031, registering a robust CAGR of 15.97% during the forecast period. Rising adoption of additive manufacturing for lightweight vehicle components, rapid prototyping, customized production, and EV part manufacturing is accelerating market expansion across the automotive sector.
EV Battery Pack Market Share: The global EV battery pack market is projected to grow from USD 179.49 billion in 2026 to USD 265.05 billion by 2031, expanding at a CAGR of 8.11% during the forecast period. Growing EV adoption, declining lithium-ion battery costs, advancements in cell-to-pack technologies, and expanding gigafactory investments are driving strong momentum across the electric mobility ecosystem.
Get More Insights: https://www.mordorintelligence.com/industry-reports/global-electric-vehicle-battery-market-industry?utm_source=globenewswire
Used Truck Market Trends: The used truck market is expected to grow from USD 55.38 billion in 2026 to USD 70.74 billion by 2031, registering a CAGR of 5.02% during the forecast period. Increasing demand for cost-effective commercial vehicles, growth in logistics and e-commerce activities, and rising preference for fleet replacement are supporting steady expansion in the used truck industry.
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
CONTACT: For any inquiries, please contact: media@mordorintelligence.com https://www.mordorintelligence.com/contact-us
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. SingaporeOutlook.com takes no editorial responsibility for the same.
