Players leading the global Solar-Powered Vehicle market Companies 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.

Solar-Powered Vehicle market Companies - 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 Companies 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.

Global Solar-Powered Vehicle market Companies - Competitive Analysis

[FURL=https://www.marketresearchfuture.com/reports/solar-powered-vehicle-market-7946/]Solar-Powered Vehicle market Companies[/FURL] demonstrates high growth prospect, which attracts several new entrants to the market, further intensifying the market competition. Battery-makers operating in the market are increasingly turning to nickel to help the sales of solar-powered cars. Manufacturers strive to offer expansive IT expertise that supports rechargeable batteries, as well as, new energy vehicles, solar farming, and other energy storage options.

Industry/ Innovation/ Related News

June 20, 2019 ---- Lightyear (the Netherlands), an automotive start-up announced the development of its first solar-powered car - Lightyear One. With its solar panels stretching across its roof to charge the electric vehicle’s batteries, the Lightyear One car has a charging port to plug into a charger. They won the Bridgestone World Solar Challenge, a competition for solar-powered cars.

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