Solar Vehicle Market Growth Projection to 2028

A solar vehicle is an electric vehicle usually run on only power from the sun, although some models will supplement that power using a battery, or use solar panels to recharge batteries or run auxiliary systems for a car that mainly uses battery power. The photovoltaic (PV) cells contained in solar panels convert the sun's energy directly into electric energy.

The solar vehicle market is heavily influenced by driving factors such as favorable government policies and subsidies, heavy investments from automakers in EVs, growing concern about environmental pollution and increased vehicle range per charge boosts the growth of this market. However, lack of standardization is impacting negatively on the growth of this market in the current market scenario.

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Companies Profiled in this report includes:  BYD Company Ltd, Continental AG, Daimler AG, Ford Motor Company, Schaeffler AG, Tesla, Toyota Kirloskar Motor, Volkswagen, Volvo Car, ZF Friedrichshafen AG

MARKET SEGMENTATION

The global solar vehicle market is segmented on the basis of component, industry trends, charging infrastructure type, vehicle type, and charging station type. Based on component type the market is segmented as Ev battery cells & packs, on-board charger, infotainment system and instrument Cluster. Based on industry trends the market is segmented as electric taxi, robo-taxi, and light solar vehicle, battery swapping and electric autonomous vehicles. On the basis of the charging infrastructure type the market is segmented as normal charge, CCS, chademo and tesla Supercharger. Based on the vehicle type the market is segmented as passenger cars and commercial vehicles. On the basis of charging station type the market is segmented as normal, super and inductive charging.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global solar vehicle market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Solar vehicle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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