Solar Vehicle Market Size study, by EV (BEV, HEV & PHEV), Vehicle Type (PC & CV), Battery (Lithium-ion, Lead acid, & Lead carbon), Solar Panel (monocrystalline & polycrystalline), Neighborhood vehicles, Charging Stations- Global opportunity Analysis and Industry Forecast 2019-2026.


Global solar vehicle Industry is expected to be valued with approximately 2617 units in 2018 is anticipated to grow with a healthy growth rate of more than 36% over the forecast period 2019-20252019-2026. Increasing demand of pollution free vehicle followed by rising government regulations and policies regarding solar vehicle is expected to drive the Industry growth. Additionally, distributed solar energy would help in reducing transmission and distribution losses thereby, reducing co2 emission. Moreover, automotive manufacturers across the globe have started manufacturing solar vehicles for fulfilling the future demand of emission less vehicle. For instance, in March 2017, tThe Japanese version of Toyota Prius Prime was integrated with solar panels over the roof by Panasonic. Additionally, iIn April 2015, Mahindra has developed a solar panel integrated passenger car by modifying the Mahindra Reva and Mahindra e2o electric cars. Thus, rising demand of emission less vehicle across the globe is expected to fuel the Industry growth over the forecast period.
On the basis of segmentation, the solar vehicle Industry is segmented into EV, Vehicle type, battery, solar panel, neighborhood vehicle and charging station. EV segment is further divided into BEV, HEV and PHEV. Moreover, vehicle type is segmented into PCpc and CV. Battery segment includes lithium-ion, lead acid and lead carbon. Solar panel is further divided into monocrystalline and polycrystalline. Neighborhood vehicles includes Commercial Turf Utility Vehicles, Industrial Utility Vehicles, Golf Carts and Personnel Carrier.

The regional analysis of global solar vehicle Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific region is estimated to lead the Industry. Europe is expected to be the fastest growing region, owing to technological advancements and increasing adoption of electric vehicles in the region.
Some of the Industry players The leading Industry players mainly include-
Mahindra & Mahindra
General Motors
Sono Motors
Hanergy Thin Film Power Group
Cruise Car
Solar Electric Vehicle Company
Jinko Solar
Trina Solar

The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Solar Vehicle Industry Share and Size by 2019-2025
Transportation & Logistics
Solar Vehicle Market Segmentation:
By Vehicle Type:
Passenger Car
Commercial Vehicle

By EV Type:
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)

By Battery Type:
Lithium-Ion Battery
Lead Carbon
By Solar Panel:
Monocrystalline Solar Panel
Polycrystalline Solar Panel
By Charging Station:
By Neighborhood Electric Vehicles (NEV):
Commercial Turf Utility Vehicles
Industrial Utility Vehicles
Golf Carts
Personnel Carrier

By Region
* North America
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Solar Vehicle Market are as follows:
Mahindra & Mahindra
General Motors
Son - Motors
Hanergy Thin Film Power Group
Cruise Car
Solar Electric Vehicle Company
Jink - Solar
Trina Solar

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