Solar Powered Car Market 2016 Share, Trend, Segmentation and Forecast Solar Powered Car Market

Solar Powered Car Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025
Solar powered cars are vehicles that are completely or partly powered by solar
energy. Such cars contains photovoltaic cells which are part of solar panels that
convert solar energy into electric energy and helps to power the vehicle. Currently,
solar power cars use this electricity in two ways- Electricity powers the vehicle to
move and secondly some part of electric energy is stored in the battery for the car
to use in non-sunny days and at nights.
Solar powered vehicles are of two types: electric vehicles and hybrid vehicles. An
electric vehicles contains electric motors and store energy in rechargeable
batteries. Solar electric vehicles charge their batteries through solar energy. Hybrid
vehicles contains two type of power: the internal combustion engine present
generally in vehicles and electric motors to power the vehicle electrically.
By type, the market is segmented into electric vehicles and hybrid electric vehicles.
By vehicle type, the market is segmented into passenger vehicles, commercial
vehicles and sports vehicles.
View Report @ http://www.transparencymarketresearch.com/solar-
powered-car-market.html
By geography, the market is segmented into North America, Europe, Asia Pacific,
Middle East & Africa and Latin America. Asia Pacific is a major solar powered car
market. In Asia Pacific, China is anticipated to be a significant solar powered vehicle
market. Other than China, the major markets are Japan, South Korea and India. In
India, the government has taken a major initiative to introduce 5 million electric
vehicles by 2020 and they will be solar powered. China has entered the Indian solar
powered vehicle market due to the huge potential of the India solar and electric
vehicle market. All this is anticipated to increase the adoption of solar powered
vehicles in India. One major reason for increasing demand for solar powered
vehicles in China and India is that both countries receive on an average 300 days of
sunlight. North America is a major solar powered car market. The U.S is a
significant solar powered car market in North America. Other major markets in the
region are Canada and Mexico. Europe is another major solar powered car market.
Germany is the largest solar powered car market in Europe. Other major solar
powered markets in Europe are the U.K, France, Italy, Spain, Belgium and
Netherlands. In Middle East & Africa, the significant solar powered cars markets are