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COVID-19
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Solar Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Propulsion Type
6.1 BEV
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 HEV
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PHEV
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Passenger Cars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Industrial Utility Vehicles
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Commercial Vehicles
7.3.1 Market Trends
7.3.2 Major Types
7.3.2.1 Commercial Turf Utility Vehicles
7.3.2.2 Golf Cars
7.3.2.3 Others
7.3.3 Market Forecast
8 Market Breakup by Battery Type
8.1 Lithium-ion
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Lead-Acid
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Solar Panel Type
9.1 Monocrystalline
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Polycrystalline
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Charging Type
10.1 Slow Charging
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Fast Charging
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
13.1 Overview
13.2 Inbound Logistics
13.3 Operations
13.4 Outbound Logistics
13.5 Marketing and Sales
13.6 Post Sales Services
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
15.1 Key Price Indicators
15.2 Price Structure
15.3 Price Trends
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Ford Motor Company
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 General Motors
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Hanergy Thin Film Power Group
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 JinkoSolar Holding Co., Ltd
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Lightyear (Atlas Technologies B.V.)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Mahindra & Mahindra
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Nissan Motor Co., LTD
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Solar Electric Vehicle Company
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Sono Motors GmbH
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Toyota Motor Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Trina Solar Co.,Ltd
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Volkswagen AG
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Solar Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Solar Vehicle Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Solar Vehicle Market: Breakup by Propulsion Type (in %), 2021
Figure 4: Global: Solar Vehicle Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Solar Vehicle Market: Breakup by Battery Type (in %), 2021
Figure 6: Global: Solar Vehicle Market: Breakup by Solar Panel Type (in %), 2021
Figure 7: Global: Solar Vehicle Market: Breakup by Charging Type (in %), 2021
Figure 8: Global: Solar Vehicle Market: Breakup by Region (in %), 2021
Figure 9: Global: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Solar Vehicle (BEV) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Solar Vehicle (BEV) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Solar Vehicle (HEV) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Solar Vehicle (HEV) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Solar Vehicle (PHEV) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Solar Vehicle (PHEV) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Solar Vehicle (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Solar Vehicle (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Solar Vehicle (Industrial Utility Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Solar Vehicle (Industrial Utility Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Solar Vehicle (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Solar Vehicle (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Solar Vehicle (Lithium-ion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Solar Vehicle (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Solar Vehicle (Lead-Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Solar Vehicle (Lead-Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Solar Vehicle (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Solar Vehicle (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Solar Vehicle (Monocrystalline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Solar Vehicle (Monocrystalline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Solar Vehicle (Polycrystalline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Solar Vehicle (Polycrystalline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Solar Vehicle (Slow Charging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Solar Vehicle (Slow Charging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Solar Vehicle (Fast Charging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Solar Vehicle (Fast Charging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia Pacific: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia Pacific: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Solar Vehicle Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Solar Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Solar Vehicle Industry: SWOT Analysis
Figure 85: Global: Solar Vehicle Industry: Value Chain Analysis
Figure 86: Global: Solar Vehicle Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Solar Vehicle Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Solar Vehicle Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 3: Global: Solar Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Solar Vehicle Market Forecast: Breakup by Battery Type (in Million US$), 2022-2027
Table 5: Global: Solar Vehicle Market Forecast: Breakup by Solar Panel Type (in Million US$), 2022-2027
Table 6: Global: Solar Vehicle Market Forecast: Breakup by Charging Type (in Million US$), 2022-2027
Table 7: Global: Solar Vehicle Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Solar Vehicle Market: Competitive Structure
Table 9: Global: Solar Vehicle Market: Key Players
The global solar vehicle market was valued at US$ 190.7 Million in 2021.
We expect the global solar vehicle market to exhibit a CAGR of 40.32% during 2022-2027.
The rising popularity of renewable sources of energy, along with the growing demand for solar-
powered vehicles, based on their cost-effectiveness and ability to minimize vehicular pollution, is
primarily driving the global solar vehicle market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of the numerous
manufacturing units and demand fluctuations for solar vehicles.
Based on the propulsion type, the global solar vehicle market can be segregated into BEV, HEV, and
PHEV. Currently, HEV represents the largest market share.
Based on the vehicle type, the global solar vehicle market has been divided into passenger cars,
industrial utility vehicles, and commercial vehicles. Among these, passenger cars exhibit a clear
dominance in the market.
Based on the battery type, the global solar vehicle market can be categorized into lithium-ion, lead-
acid, and others. Currently, lithium-ion battery holds the majority of the total market share.
Based on the solar panel type, the global solar vehicle market has been segmented into
monocrystalline and polycrystalline, where monocrystalline panel currently represents the largest
market share.
Based on the charging type, the global solar vehicle market can be bifurcated into slow charging and
fast charging. Currently, fast charging accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global solar vehicle market include Ford Motor Company, General
Motors, Hanergy Thin Film Power Group, JinkoSolar Holding Co., Ltd, Lightyear (Atlas Technologies
B.V.), Mahindra & Mahindra, Nissan Motor Co., LTD, Solar Electric Vehicle Company, Sono Motors
GmbH, Toyota Motor Corporation, Trina Solar Co., Ltd., and Volkswagen AG.
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