Surging E-Mobility Trends Expected To Widen Solar Powered Car Sales : Fact.MR

Key Takeaways

– Monocrystalline solar cells are expected to be one of the key solar panel segments for solar powered cars. – Sedan cars are anticipated to remain one of the fastest-growing vehicle types for solar power, due to small and sleek design that improves the efficiency of solar panels that are attached on sedan cars. – Pure electric vehicles are expected to become a high growth car category, owing to design of solar vehicles being severely limited by amount of energy input into the car.

Key Takeaway

– The lithium-ion battery segment is expected to surge in the near future because of high charging-discharging efficiency, high charge density, and light weight as compared to lead-based and other battery types. – Europe is estimated to remain one of the fastest-growing regional market because of ease of availability of raw material and increase in government incentives for solar powered car production and selling.

“ Use of renewable energy in the automotive industry holds significant opportunities for solar powered car demand, as it is an extremely tantalizing idea to reduce humanity’s carbon footprint ”

Analyst Speak

Key Companies

– Hyundai Motor Company – Squad Mobility – Lightyear – Toyota Motor Corporation – Sono Motors – Aptera Motors – Ford Motor Company – Mahindra & Mahindra Limited – Solar Team Eindhoven

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