Solar Powered Car Market: To Observe Strong Development By 2019 - 2027
Transparency Market Research has published a new report on the global solar powered car market for the forecast period of 2019–2027. According to the report, the global solar powered car market is projected to reach ~ US$ 3.5 Bn by 2027, expanding at a CAGR of ~ 20% during the forecast period. Global Solar Powered Car Market: Overview According to the report, the global solar powered car market is likely to be driven by the demand for zero-emission cars. Self-driving cars are more efficient and cost-effective, and curb transportation emissions. Key automakers such as Sono Motors GmbH, and Lightyear are projected to offer solar powered cars post 2020 and 2021, respectively, which, in turn, is expected to drive the solar powered car market. Expansion of the Global Solar Powered Car Market The depletion of fossil fuel has prompted global automakers to search for a viable option to maintain their pace of progress and development. Solar p...