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Solar Vehicle Market Expected to Witness High Growth over the Forecast Period 2027




(USGovernment-News.Com, May 03, 2019 ) 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.

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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.

Some of the Major Players In solar vehicle market:
BYD Company Ltd
Continental AG
Daimler AG
Ford Motor Company
Schaeffler AG
Tesla
Toyota Kirloskar Motor
Volkswagen
Volvo Car
ZF Friedrichshafen AG

The "global solar vehicle market analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global solar vehicle market trend analysis. The report aims to provide an overview of the solar vehicle market with detailed market segmentation by component, industry trends, charging infrastructure type, vehicle type, and charging station type. The global solar vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar vehicle market players and offers key trends and opportunities in the solar vehicle market.

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 2017 to 2027 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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Sameer Joshi

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