Solar Vehicle Market Size, Share & Trends Analysis Report, By Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, Three-Wheelers), By Electric Vehicle Type (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)), By Solar Panel Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-Film Solar Panels), By Component (Solar Panels, Battery Systems, Electric Motors, Controllers), By Charging Type (On-Grid Charging, Off-Grid Charging), Regional Outlook and Forecast, 2025-2034

  • Category:Automotive & Transportation
  • Published on:Jun 2025
  • Pages:155
  • Formats:
  • Report Code:45794

Report Summary

Eternity Insights has published a new study on Global Solar Vehicle Market focusing on key segments and regions. This in-depth research report highlights the market and competitive intelligence across the key segments of the market. The report also considers the impact of COVID-19 on the global Solar Vehicle Market.

The report considers 2020-2023 as historic period, 2024 as base year, and 2025-2034 as forecast period. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market scenario and competition. Moreover, key insights related to market having direct impact on the market will also be covered.

Solar Vehicle Market report is based on robust research methodology designed using blend of research ap-proaches developed using secondary/desk research and validated through primary research and expert insights. Eternity Insights also uses paid databases such as FACIVA, Hoovers, and other benchmarking and forecasting tools to provide accurate statistical analysis of supply and demand trends.

Global Solar Vehicle Market Size, 2020-2034 (USD Million)

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Global Solar Vehicle Market Segmentation:

Solar Vehicle Market, By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Two-Wheelers
  • Three-Wheelers

Solar Vehicle Market, By Electric Vehicle Type

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

Solar Vehicle Market, By Solar Panel Type

  • Monocrystalline Solar Panels
  • Polycrystalline Solar Panels
  • Thin-Film Solar Panels

Solar Vehicle Market, By Component

  • Solar Panels
  • Battery Systems
  • Electric Motors
  • Controllers

Solar Vehicle Market, By Charging Type

  • On-Grid Charging
  • Off-Grid Charging

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Geographically, the market is categorized into five regions as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region dominates the global Solar Vehicle market in terms of demand generation. The Solar Vehicle market in Asia Pacific region is expected to grow at significantly high growth rate. The regional market is further sub-segmented and analyzed at granular level across key countries. The report will include market size and forecast for Solar Vehicle market for below listed countries across each region.

North America (U.S. and Canada), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific region); Latin America (Brazil, Mexico, and rest of the Latin America); Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa).

Global Solar Vehicle Market Taxonomy:

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Global Solar Vehicle Market Competitive Landscape

The global Solar Vehicle market analysis report covers detailed analysis of competitive scenario across globe. The report includes profiles of leading players covering below details

  • Company Overview
  • Financial Analysis
  • Product Portfolio Analysis
  • Strategic Overview
  • SWOT Analysis

List of Companies Profiled in the report:

  • Toyota
  • Lightyear
  • Volkswagen Group
  • Nissan
  • Aptera
  • Tesla
  • BMW
  • Hyundai
  • Mahindra & Mahindra Ltd
  • Venturi Automobiles
  • Sono Motors
  • Other Players of Specific Interest can be added based on the requirement

Market Segmentation

Report Attributes Details
The market size value in 2024 USD XX.XX Million
CAGR (2025 - 2034) XX.XX %
The Revenue forecast in 2034 USD XX.XX Million
Base year for estimation 2024
Historical data 2020-2023
Forecast period 2025-2034
Quantitative units
  • Revenue in USD Million
  • CAGR from 2025 to 2034
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered By Vehicle Type Outlook, Charging Type Outlook, Regional Outlook
By Vehicle Type Outlook Passenger Cars, Commercial Vehicles, Two-Wheelers, Three-Wheelers
By Charging Type Outlook On-Grid Charging, Off-Grid Charging
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, Turkey
Key companies profiled Toyota, Lightyear, Volkswagen Group, Nissan, Aptera, Tesla, BMW, Hyundai, Mahindra & Mahindra Ltd, Venturi Automobiles, Sono Motors
Customization Available Yes, the report can be tailored to meet your specific requirements.

Key Benefits to the stakeholders

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) and volume (Tons) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come

Table Of Contents

1 Methodology and Scope

1.1 Market segmentation & scope
1.2 Information Procurement

1.2.1 Purchased Database
1.2.2 Eternity’s Internal Database
1.2.3 Secondary sources & third-party perspectives
1.2.4 Primary Research

1.3 Information analysis
1.4 Market formulation & data visualization
1.5 Data validation & publishing

2 Executive Summary

3 Solar Vehicle Market Variables, Trends & Scope

3.1 Market Dynamics

3.1.1 Market Driver Analysis
3.1.2 Market Restraints
3.1.3 Market Challenge Analysis
3.1.4 Market Opportunities
3.1.5 Micro & Macro Indicator

3.2 Impact of COVID-19 Pandemic on Global Solar Vehicle Market

3.2.1 Overview of Changing Landscape
3.2.2 Pre-covid & Post-Covid Market Analysis

3.3 Market Attractiveness Analysis
3.4 Regulatory Scenario
3.5 Industry Trend Analysis- Historic and Future Trend Assessment
3.6 Merger & Acquisition
3.7 New System Launch/Approvals
3.8 Market Analysis Tools

3.8.1 Porter’s Five Forces
3.8.2 PEST Analysis
3.8.3 Value Chain Analysis

3.9 Key Company Ranking Analysis, 2020

4 Global Solar Vehicle Market Analysis and Forecast, By Type

4.1 Overview & Definition
4.2 Key Trends
4.3 Global Solar Vehicle Market Value (US$ Mn) Forecast, by Type (2019 – 2028)

4.2.1 Battery Electric Vehicle (BEV)
4.2.2 Hybrid Electric Vehicle (HEV)
4.2.3 Other

4.4 Type Comparison Matrix
4.5 Global Solar Vehicle Market Attractiveness, By Type

5 Global Solar Vehicle Market Analysis and Forecast, By Application

5.1 Overview & Definition
5.2 Key Trends
5.3 Global Solar Vehicle Market Value (US$ Mn) Forecast, by Application (2019 – 2028)

5.3.1 Passenger Car
5.3.2 Commercial Vehicle
5.3.3 Other

5.4 Application Comparison Matrix
5.5 Global Solar Vehicle Market Attractiveness, by Application

6 Global Solar Vehicle Market Analysis and Forecast, By Region

6.1 Overview & Definition
6.2 Key Trends
6.3 Global Solar Vehicle Market Value (US$ Mn) Forecast, by Region (2019 – 2028)
6.4 North America
6.5 Europe
6.6 Asia Pacific
6.7 Latin America
6.8 Middle East & Africa

7 Global Solar Vehicle Market Attractiveness, by Region

8 North America Solar Vehicle Market Analysis and Forecast

8.1 Key Findings
8.2 North America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

8.2.1 Battery Electric Vehicle (BEV)
8.2.2 Hybrid Electric Vehicle (HEV)
8.2.3 Other

8.3 North America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

8.3.1 Passenger Car
8.3.2 Commercial Vehicle
8.3.3 Other

8.4 North America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

8.4.1 U.S.
8.4.2 Canada
8.4.3 Rest of North America

8.5 North America Solar Vehicle Market Attractiveness Analysis

8.5.1 By Type
8.5.2 By Application
8.5.3 By Country

9 Europe Solar Vehicle Market Analysis and Forecast

9.1 Key Findings
9.2 Europe Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

9.2.1 Battery Electric Vehicle (BEV)
9.2.2 Hybrid Electric Vehicle (HEV)
9.2.3 Other

9.3 Europe Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

9.3.1 Passenger Car
9.3.2 Commercial Vehicle
9.3.3 Other

9.4 Europe Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

9.4.1 U.K.
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Rest of Europe

9.5 Europe Solar Vehicle Market Attractiveness Analysis

9.5.1 By Type
9.5.2 By Application
9.5.3 By Country

10 Asia Pacific Solar Vehicle Market Analysis and Forecast

10.1 Key Findings
10.2 Asia Pacific Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

10.2.1 Battery Electric Vehicle (BEV)
10.2.2 Hybrid Electric Vehicle (HEV)
10.2.3 Other

10.3 Asia Pacific Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

10.3.1 Passenger Car
10.3.2 Commercial Vehicle
10.3.3 Other

10.4 Asia Pacific Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Rest of APAC

10.5 Asia Pacific Solar Vehicle Market Attractiveness Analysis

10.5.1 By Type
10.5.2 By Application
10.5.3 By Country

11 Latin America Solar Vehicle Market Analysis and Forecast

11.1 Key Findings
11.2 Latin America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

11.2.1 Battery Electric Vehicle (BEV)
11.2.2 Hybrid Electric Vehicle (HEV)
11.2.3 Other

11.3 Latin America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

11.3.1 Passenger Car
11.3.2 Commercial Vehicle
11.3.3 Other

11.4 Latin America Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

11.4.1 Brazil
11.4.2 Rest of Latin America China

11.5 Latin America Solar Vehicle Market Attractiveness Analysis

11.5.1 By Type
11.5.2 By Application
11.5.3 By Country

12 Middle East & Africa (MEA) Solar Vehicle Market Analysis and Forecast

12.1 Key Findings
12.2 Middle East & Africa (MEA) Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Product Type (2019-2028)

12.2.1 Battery Electric Vehicle (BEV)
12.2.2 Hybrid Electric Vehicle (HEV)
12.2.3 Other

12.3 Middle East & Africa (MEA) Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

12.3.1 Passenger Car
12.3.2 Commercial Vehicle
12.3.3 Other

12.4 Middle East & Africa (MEA) Solar Vehicle Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

12.4.1 GCC Countries
12.4.2 South Africa
12.4.3 Rest of MEA

12.5 Middle East & Africa (MEA) Solar Vehicle Market Attractiveness Analysis

12.5.1 By Type
12.5.2 By Application
12.5.3 By Country

13 Competitive Landscape

13.1 Market Players – Competition Matrix
13.2 Market Share Analysis by Key Players, 2020 (%)
13.3 Company Profiles

13.3.1 Lightyear

13.3.1.1 Company Overview
13.3.1.2 Company Snapshot
13.3.1.3 Financial Overview
13.3.1.4 Product Portfolio
13.3.1.5 Key Developments/Strategies

13.3.2 Volkswagen
13.3.3 Toyota
13.3.4 Nissan
13.3.5 Ford
13.3.6 General Motors
13.3.7 Mahindra & Mahindra
13.3.8 Sono Motors
13.3.9 Hanergy Thin Film Power Group

14 Key Takeaways

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