Global Solar Vehicle Market
Global solar vehicle market is expected to be valued with approximately 2617 units in 2018 is anticipated to grow with a healthy growth rate of more than 36% over the forecast period 2018-20252019-2026. Increasing demand of pollution free vehicle followed by rising government regulations and policies regarding solar vehicle is expected to drive the market growth. Additionally, distributed solar energy would help in reducing transmission and distribution losses thereby, reducing co2 emission. Moreover, automotive manufacturers across the globe have started manufacturing solar vehicles for fulfilling the future demand of emission less vehicle. For instance, in March 2017, tThe Japanese version of Toyota Prius Prime was integrated with solar panels over the roof by Panasonic. Additionally, iIn April 2015, Mahindra has developed a solar panel integrated passenger car by modifying the Mahindra Reva and Mahindra e2o electric cars. Thus, rising demand of emission less vehicle across the gl...