Solar Powered Car Market Report 2025 (Global Edition)

Global Solar Powered Car Market Report 2025 Market Size Split by Car Type (Commercial Car, Passenger Car), by Propulsion (Hybrid Cars, Battery Cars), by Battery Type (Lead-Acid, Lithium-Ion, Lead-Carb...

Solar Powered Car Market Report Description

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Solar Powered Car Market Insights Video

Recent Developments

• In July 2022, The first solar-powered electric vehicle (SEV), known as the Sion, will be produced, according to Sono Motors GmbH, a solar-powered mobility company. The company has unveiled a "Solar Bus Kit" for fleets of public transportation that would be utilised to lower fuel use and greenhouse gas emissions in inner cities.
• In June 2022, A Dutch start-up firm called Lightyear unveiled the Lightyear 0 electric vehicle, which features integrated solar panels on the roof, bonnet and boot or tailboard to charge the vehicle while it is in motion. The Lightyear 0 automobile uses solar power and conventional electric charging, allowing owners to drive while the car is recharging in the sun.
• In May 2021, MAN Trucks and Sono Motors examined the technical and financial viability of using Sono Solar technology into MAN's eTGE electric transporter. With the help of the sun's energy, SONO Motors has created the solar-powered electric vehicle "Sion," which can add 150 miles to its weekly range. Sono Motors has centred the entirety of its enterprise around clean mobility, affordability, and sustainability in addition to SEVs.
• In April 2021, Bridgestone and the Dutch start-up Lightyear collaborated to create specifically designed tyres for the future Lightyear One solar vehicle. It uses tyres from the Turanza Eco EV series, which are recognised for enhancing fuel economy.

Top Companies Market Share in Solar Powered Car Industry: (In no particular order of Rank)

• Volkswagen AG.
• Hyundai
• Solar Electric Vehicle Company
• General Motors
• Cruise Car Inc
• Toyota Motor Corp
• Audi AG
• Ford Motor Company
• Venturi Eclectic
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Regional Analysis of the solar powered cars Market:

Asia Pacific accounted for the highest market share of 32.5% in global solar-powered cars and is predicted to continue to grow strongly throughout the forecast period. the growing interest in solar-powered cars in China and India, as well as the expanding demand for hybrid and electric passenger cars. The global market is expanding as a result of factors like rising consumer spending power and the demand for urban mobility solutions in developing economies.

Europe is anticipated to have a sizable portion of the global market over the forecast period. Government investments in solar energy projects as well as the quick commercialization of electric car have given companies in the European solar-powered automobile sector multiple revenue sources.

North America's market is expected to experience significant expansion in the global market. The strong market share in this area is attributed to cheap battery costs and the growing use of solar panels in hybrid cars.

The current report Scope analyzes Solar Powered Car Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Solar Powered Car Market Analysis

The passenger cars segment holds a major share of 67.2% in the solar-powered car market:

Among the car type segments, the market is further classified into commercial cars and passenger cars. due to several automakers displaying concept cars and working prototypes of cars that may soon go into production. In order to control, store, and recover kinetic energy from the car during braking, a solar-powered car often includes a rechargeable battery. Furthermore, the growing investment in Research & Development activities is expected to drive the segment growth. The commercial car segment is anticipated to significant growth rate in the market due to the growing use of this technology in inner-city cars like utility vans and last-mile delivery trucks. For instance: The "Lightyear One," a solar-powered electric car with charging panels on the roof and hood, was created by the Dutch firm Lightyear. The vehicle is anticipated to enter production in 2021 and be sold for roughly USD 149,000.

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Propulsion Segment Analysis of Solar Powered Car Market:

Among the propulsion, the market is further classified into hybrid cars, and battery cars. The battery car segment holds the highest market share of 58.2% in the global market, due to it being more efficient, and the electricity cost is cheaper than filling petrol or diesel for travel requirements.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Solar Powered Car Battery Type Segment Analysis

Among the battery type, the market is further classified into lead-acid, lithium-ion, lead-carbon, and others. The Lithium-ion segment holds the largest market share of 34.2% in the global market. In comparison to other battery types, lithium-ion batteries are particularly popular due to their high charging-discharging efficiency, high charge density, and lightweight design.

Furthermore, the lithium-ion battery pack weighs only one-third of what a lead-acid battery does. In addition, charging takes only about three hours or so as opposed to roughly ten hours for lead-acid batteries. Due to its high power-to-weight ratio and cheap production costs, the market for lead-acid batteries is predicted to continue growing steadily.

• Lead-Acid
• Lithium-Ion
• Lead-Carbon
• Others

Solar Powered Car Solar Panel Type Segment Analysis

Among the solar panel type, the market is further classified into polycrystalline solar panels, monocrystalline solar panels, organic solar panels, thin-film solar panels, and others. The monocrystalline solar panel segment holds the largest share of 31.6% in the global market. This is attributed to its sleeker appearance and efficiency than other types of solar panels. The higher efficiency of monocrystalline panels is a result of their reduced output deterioration at high temperatures.

• Polycrystalline Solar Panel
• Monocrystalline Solar Panel
• Organic Solar Panel
• Thin-Film Solar Panel
• Others

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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