Vehicles today no longer require gas to generate power. While there are millions of combustion engine vehicles still on the road, many vehicles are now powered by solar energy. This report explores the global solar vehicle market and where it's headed.
- Advertising -
As the U.S. population continues to increase, so does the number of registered vehicles. Statistics show there are now over 281 million registered vehicles in the United States. Unfortunately, many of these vehicles use combustion engines that require gas. The gas is burned in combustion engines to create power that essentially runs the vehicle.
- Advertising -
And when gas is burned, it creates harmful byproducts like carbon dioxide and carbon monoxide. The good news is that automakers are transitioning away from combustion engines in favor of cleaner solutions like solar.
Solar vehicles look like traditional cars, trucks and SUVs. If you look under the hood of a solar vehicle, though, you'll notice that it doesn't feature the same components. Rather, solar vehicles are designed to generate power from sunlight. Although there are different types of solar vehicles, most use photovoltaic (PV) cells to capture and convert sunlight into usable electricity. As the PV cells, which are essentially solar panels, create electricity, the solar vehicle uses the electricity to generate horsepower.
Sunlight, of course, is a clean and renewable resource -- qualities that aren't found in conventional gas. As a result, solar vehicles are an attractive alternative to traditional vehicles, especially for environmentally conscious drivers. They are essentially electric vehicles that rely on sunlight to generate power. The PV cells collect and convert sunlight into electricity, and this electricity is used to generate horsepower. The PV cells used in solar vehicles are the same PV cells used in residential and commercial solar panels. The only difference is that they are smaller and more compact, allowing them to fit onto vehicles.
The Solar Vehicle Market to 2027 - Global Analysis and Forecast report by The Insight Partners is a comprehensive study of the solar vehicle market. Within this report, you'll learn more about the market's future and prospective scenarios through 2027. Researchers believe that the solar vehicle market will experience high growth throughout the forecast period for several reasons.
Some of the key solar vehicle vendors profiled in this report include BYD Company Ltd, Continental AG, Daimler AG, Ford Motor Company, Schaeffler AG, Tesla, Toyota Kirloskar Motor, Volkswagen, Volvo Car and ZF Friedrichshafen AG.
Solar vehicles are still a relatively new concept. However, their cost-savings and environmentally friendly benefits have made them an attractive choice among drivers. Whether you're thinking about buying a solar vehicle, or if you have a financial stake in the solar vehicle market, you should check out this report.