Global Solar Powered Vehicles Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a XX% CAGR of around during a forecast period.
The solar powered vehicles are the future of the automobile industry. The growing emphasis by the governments of major economies to reduce vehicular pollution is a major driver of the solar powered vehicles market globally. For example, the European Union targets to decrease carbon dioxide emission by XX% by 2020, from the emission levels recorded in the year 2008.
Many economies have also proposed regulations on fuel efficiency or carbon emission, which is benefiting the solar powered vehicles market. Similarly, the report analyzes factors affecting solar powered vehicles market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
The report on global solar powered vehicles market gives segments such as type, vehicle type, electric vehicles and region. Based on electric vehicles, the fully electric vehicle category would witness faster growth during the forecast period, because of increasing government support for these vehicles in the form of incentives and subsidies.
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