Electric Vehicle Range Extender Market Size, Share and Trends 2024-32
The global electric vehicle range extender market size reached USD 1.5 Billion in 2023 and is projected to reach USD 3.4 Billion by 2032, exhibiting a growth rate (CAGR) of 9.5% during 2024-2032. The electric vehicle (ev) range extender market is poised for substantial growth, driven by increasing demand for extended driving ranges, technological advancements, and supportive government policies. As the automotive industry continues to evolve towards electrification, range extenders will play a crucial role in enhancing the practicality and appeal of electric vehicles, particularly for consumers concerned about range limitations.
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