Press Release

As Per Latest Report Solar Vehicle Market 2019 -2024 Set to Grow with Healthy CAGR with Leading Players Like Lightyear , Volkswagen , Toyota , Nissan , Ford , General Motors

A solar vehicle is an electric vehicle powered completely or significantly by direct solar energy. Usually, photovoltaic (PV) cells contained in solar panels convert the sun’s energy directly into electric energy. The term “solar vehicle” usually implies that solar energy is used to power all or part of a vehicle’s propulsion. Solar power may be also used to provide power for communications or controls or other auxiliary functions. Solar vehicles are not sold as practical day-to-day transportation devices at present, but are primarily demonstration vehicles and engineering exercises, often sponsored by government agencies. However, indirectly solar-charged vehicles are widespread and solar boats are available commercially.

Prominent players profiled in the report are Lightyear , Volkswagen , Toyota , Nissan , Ford , General Motors , Mahindra & Mahindra , Sono Motors , Hanergy Thin Film Power Group

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This report presents a comprehensive overview, market shares and growth opportunities of Solar Vehicle market by product type, application, key companies and key regions.

This study considers the Solar Vehicle value generated from the sales of the following segments:
Segmentation by product type:
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)

Segmentation by application:
Passenger Car
Commercial Vehicle

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Solar Vehicle market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Solar Vehicle market by identifying its various subsegments.
Focuses on the key global Solar Vehicle players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Solar Vehicle with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Solar Vehicle submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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