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Solar-Powered Car Market Top Key Players - Audi AG, Sono Motors GmbH, Lightyear, Toyota Motor Corp, Ford Motor Company, Cruise Car Inc., Mahindra & Mahindra Limited, Venturi, General Motors, Volkswagen AG., Solar Electric Vehicle Company, Hanergy Holding

07-06-2022 01:33 PM CET | Industry, Real Estate & Construction

Press release from: KD Market Insights

Solar-Powered Car Market Top Key Players - Audi AG, Sono Motors

The solar-powered automobile is an electric car that draws its power from the sun. The photovoltaic cells are used to transform solar energy into electrical power to drive the vehicle. On such vehicles, solar panels with photovoltaic cells are attached. Electricity is generated by solar panels and stored in batteries.

The car's charged batteries power the motor, which acts as the vehicle's engine and propels the vehicle forward. The demand for solar-powered vehicles has been greatly driven up by the growing interest in sustainable and renewable energy sources. As a result, many automakers are attempting to develop solar-powered vehicles since the technology will revolutionise the automotive sector in the future.

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MARKET DRIVERS:

The companies' attention has shifted to creating vehicles that use renewable energy sources rather than fossil fuels as a result of the rising demand for environmentally friendly alternatives. Additionally, the worsening of the air quality has been found to be fatal. For instance, the World Health Organization (WHO) estimates that the poor air quality has caused millions of deaths over the previous few years.

Because of this, governments all over the world have been able to come up with strategies to persuade people to convert to renewable energy sources. Additionally, the diminishing supply of fossil fuels has prompted a number of automakers to search for a workable solution to keep up their rate of advancement.

The SUV and sedan segments are anticipated to hold a predominate global market share, per the car. The desire for solar-powered SUVs and sedans is related to the bigger areas available for solar panel installation, which results in more solar energy absorption by panels and higher efficiency. As a result, the sector is also anticipated to expand at the fastest rate, which will drive the market for solar-powered vehicles in the years to come.

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SOLAR POWERED CAR MARKET SEGMENTATION:

By Material
• Crystalline Silicon Solar Cells
• Thin-Film Solar Cells

By Car:
• Hatchbacks
• Sedans
• SUVs

By Application:
• Personal
• Commercial

By Solar Component:
• Solar Arrays
• Batteries
• Power Trackers
• Others

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

FEW KEY PLAYERS IN SOLAR POWERED CAR MARKET:

• Audi AG
• Sono Motors GmbH
• Lightyear
• Toyota Motor Corp
• Ford Motor Company
• Cruise Car Inc.
• Mahindra & Mahindra Limited
• Venturi
• General Motors
• Volkswagen AG.
• Solar Electric Vehicle Company
• Hanergy Holding Group
• Clenergy TeamArrow

Read More Information: https://www.kdmarketinsights.com/product/7045/solar-powered-car-market

Contact Us:

Company Name: KD Market Insights
Address: 150 State Street, Albany,
New York, USA 12207
Phone: +1 (518) 300-1215
Email: sales@kdmarketinsights.com
Website: www.kdmarketinsights.com

About Us:

KD Market Insights is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in-depth to provide our clients with better strategies to stand out in the market.

Our report covers the current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company's growth in the future. The reports prepared by us are customized according to the client's needs. We inculcate high morale and ethics while preparing our report which helps in building long-term relationships with our clients.

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