Solar-Powered Vehicle Market Share| COVID-19 Impact, Global Size, Future scope, Analysis, and CAGR to 2025
Solar-Powered Vehicle Market Share| COVID-19 Impact
(firmenpresse) - Solar-Powered Vehicle Market Overview
Furthermore, imposed restrictions for the development and sales of ICE vehicles (expected to come into effect by 2030) in various countries such as Germany, the UK, the US, and China would further contribute in the growth of the market.
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Major Players
Players leading the global Solar-Powered Vehicle Market Share include Hanergy Holding Group (China), Guangzhou Jcar Industrial Company Ltd (China), Venturi Eclectic (France), Ford Motor Company (US), Sono Motors GmbH (Germany), Mahindra & Mahindra (India), The Solar Electric Vehicle Company (US), Cruise Car (US), Immortus (Australia), and Kiira Motors Corporation (KMC) (Uganda), among others.
Segmentation
The report segments the market into five key dynamics to widen the scope of understanding,
By Solar Panel : Monocrystalline Solar Panel and Polycrystalline Solar Panel.
By Battery Type : Lithium-Ion Battery, Lead-Acid, and Lead-Carbon, among others.
By Propulsion : Battery Electric Vehicle and Hybrid Electric Vehicle.
By Vehicle Type : Commercial Vehicle and Passenger Car.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis
The Asia Pacific region is forecasted to hold the largest share in the global Solar-Powered Vehicle Market Share during the forecast period. Increasing production and sales of batteries and hybrid electric vehicles in China and Japan is propelling the growth of the regional market. Besides, the increase in the demand for solar-powered electric bus led by government initiatives is estimated to boost the market in this region.
The excellent example of such initiatives is the Indian government’s effort to introduce 5 MN solar-powered electric vehicles across the country by 2020. Furthermore, the ample availability of sunlight in most of the countries in the region due to the geospatial topology encourages the growth of the Solar-Powered Vehicle Market Share in the region.
Industry/ Innovation/ Related News
July 15, 2019 --- Toyota Motor Corp (Japan), a car manufacturing giant, announced the beginning of testing of its solar-powered and self-charging car – Prius. The new version of Prius hybrid car, with up to 860 watts of thin solar film will be able to charge its “solar battery” as it drives, and add more than 50kms to its fossil fuel-free driving range. The 1kW output from solar panels on the car is a potential game-changer for not just hybrids, but also full battery electric vehicles.
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Datum: 01.06.2020 - 11:37 Uhr
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