Global Electric Vehicle Range Extender Market: Key Highlights
Global Electric Vehicle Range Extender Market: Key Market Dynamics
electric vehicle range extender market in the future.
Global Electric Vehicle Range Extender Market: Regional Overview
The growth in the Asia-Pacific region is mainly attributed to the increasing sales and production of electric vehicles and the rise in population. The rising adoption of electric vehicles increases the market growth for the electric vehicle range extender. This region has witnessed high usage of electric range extenders due to the presence of countries such as Japan, South Korea, and China for mainly adoption of electric vehicles.
In Europe, the rising demand for driving range extension of electric vehicles and supportive government incentives to purchase electric vehicles has boosted the electric vehicle range extender market growth. The growing focus on electric vehicle sales by automotive manufacturers present in countries such as Norway, Germany, UK, and France is further promoting the growth for automotive development.
Global Electric Vehicle Range Extender Market: Key Players Overview
BMW AG is a German-based company that manufactures automobiles and motorcycles. The company produces convertible sports cars to luxury vehicles with large displacement engines. In May 2018, BMW announced its plans to launch BMW i3S in India which is a range-extender version. The 33.2 Kwh lithium-ion battery has a driving range of 200 KM when the battery is fully charged.
Nissan Motor Corporation is a Japan-based company that manufactures and designs automobiles and its related parts. The company offers electric and sports cars, trucks, vans, trucks, minivans, commercial vehicles as well as their accessories.
In April 2018, Nissan announced plans to launch 8 electrified vehicles in Japan by 2022. These battery-powered models expansion will consist of three electric vehicles and e-Power range-extender hybrids provided by Nissan Motor Corporation.
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