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SOLAR VEHICLE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Solar Vehicle Market, By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two Wheelers, Others), By Solar Panel (Monocrystalline, Polycrystalline, Thin Film, Others), By EV Type (BEV, PHEV, Hybrid, FCEV), By Component (Battery, Motor, Solar Panels, Others), By Charging Type (Solar, Plug-in, Wireless, Battery Swapping), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Market News

 Recent Developments

  • In January 2022, Aptera Motors Corp. is an American crowd funded startup company based in Carlsbad, California unveiled a solar electric vehicle with a driving range of up to 1,000 miles. The three-wheeled car has solar panels that can provide up to 40 miles of charge per day. This ultra-efficient solar car aims to eliminate range anxiety.
  • In September 2021, The Squad Solar is an innovative solar powered electric quadricycle from electric vehicle startup Squad Mobility from the Netherlands launched the solar-assisted Squad Solar City Car in the Netherlands. It has a solar range of up to 43 miles and an overall range of 100 miles when combined with a battery. The solar panels give free solar charge to users.
  • In October 2020, Hyundai Motor Group, is a South Korean chaebol headquartered in Seoul, South Korea. The HMG also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group unveiled its IONIQ Concept Cabin which has a solar panel roof and can charge the battery. This demonstrates Hyundai's vision for sustainable mobility through solar energy.
  • Key Strategic Initiatives:

    • In May 2022, Electra Meccanica, is a designer and manufacturer of electric vehicles with a three-wheeled EV as its flagship and only product partnered with Beyond Gravity is the space-oriented segment of the Swiss technology group RUAG. At a total of fourteen sites in Switzerland, Sweden, Finland, Germany, USA and Austria, Beyond Gravity employs around 1,265 people and posted sales of 339 million Swiss Francs in 2019 to integrate solar panels in its SOLO EV three-wheeler. This will extend driving range and lower dependence on charging infrastructure.
    • In January 2022, Sono Motors GmbH is a German company working on the development of the electric solar car Sono Sion. A special feature of the vehicle designed by the company is solar cells embedded in the plastic body panels on both the roof and the sides acquired a former SAAB Automobile AB was a car manufacturer that was founded in Sweden in 1945 when its parent company, Saab AB, began a project to design a small automobile facility to start production of its Sion solar electric vehicle. The in-house production will enable faster market entry.
    • In May 2021, Aptera Motors Corp. is an American crowd funded startup company based in Carlsbad, California partnered with EVX Pty Ltd is an Australian automotive and technology company focused on developing solar-powered electric vehicles. Founded in 2013, EVX has grown to become a leader in the emerging solar vehicle market to develop solar components and body parts for its solar electric vehicle. This strengthened Aptera's supply chain.

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