| Product Code: ETC5881969 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives electric vehicle market has witnessed a significant surge in import shipments of range extenders, with top exporters in 2024 including China, Bulgaria, USA, India, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has sharply increased from 2023 to 2024, indicating a shift towards dominance by key players. With a remarkable compound annual growth rate (CAGR) of 46.31% from 2020 to 2024 and a strong growth rate of 7.84% in 2023-24, the Maldives EV industry is experiencing rapid expansion and technological advancements in sustainable transportation solutions.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Electric Vehicle Range Extender Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Electric Vehicle Range Extender Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Electric Vehicle Range Extender Market - Industry Life Cycle |
3.4 Maldives Electric Vehicle Range Extender Market - Porter's Five Forces |
3.5 Maldives Electric Vehicle Range Extender Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Electric Vehicle Range Extender Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Maldives Electric Vehicle Range Extender Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Maldives Electric Vehicle Range Extender Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and policies promoting electric vehicles in the Maldives |
4.2.2 Growing environmental awareness and concerns about reducing carbon emissions |
4.2.3 Rising fuel prices and the need for more cost-effective transportation solutions |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles and range extenders |
4.3.2 Limited charging infrastructure and range anxiety among consumers |
4.3.3 Lack of awareness and education about the benefits of electric vehicles and range extenders |
5 Maldives Electric Vehicle Range Extender Market Trends |
6 Maldives Electric Vehicle Range Extender Market Segmentations |
6.1 Maldives Electric Vehicle Range Extender Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By ICE Range Extender, 2021-2031F |
6.1.3 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Fuel Cell Range Extender, 2021-2031F |
6.1.4 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Electric Vehicle Range Extender Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Battery Pack, 2021-2031F |
6.2.3 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Generator, 2021-2031F |
6.2.4 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Power Converter, 2021-2031F |
6.2.5 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By Electric Motor, 2021-2031F |
6.3 Maldives Electric Vehicle Range Extender Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By PC , 2021-2031F |
6.3.3 Maldives Electric Vehicle Range Extender Market Revenues & Volume, By CV, 2021-2031F |
7 Maldives Electric Vehicle Range Extender Market Import-Export Trade Statistics |
7.1 Maldives Electric Vehicle Range Extender Market Export to Major Countries |
7.2 Maldives Electric Vehicle Range Extender Market Imports from Major Countries |
8 Maldives Electric Vehicle Range Extender Market Key Performance Indicators |
8.1 Average charging station density per square kilometer in the Maldives |
8.2 Percentage increase in government subsidies for electric vehicles and range extenders |
8.3 Growth in the number of electric vehicles registered in the Maldives |
8.4 Average reduction in carbon emissions per vehicle using range extenders |
8.5 Percentage increase in public-private partnerships for expanding electric vehicle infrastructure |
9 Maldives Electric Vehicle Range Extender Market - Opportunity Assessment |
9.1 Maldives Electric Vehicle Range Extender Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Electric Vehicle Range Extender Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Maldives Electric Vehicle Range Extender Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Maldives Electric Vehicle Range Extender Market - Competitive Landscape |
10.1 Maldives Electric Vehicle Range Extender Market Revenue Share, By Companies, 2024 |
10.2 Maldives Electric Vehicle Range Extender Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |