Solar Powered Car Market 2016 Share, Trend, Segmentation and Forecast Solar Powered Car Market | Page 2

Iran and South Africa. In Latin America, the major solar powered car markets are
Brazil and Argentina.
Steep fall in price of solar panels is anticipated to increase the demand for solar
powered cars. Rising government initiatives to encourage solar powered vehicles in
comparison to traditional fossil fuel vehicles is anticipated to increase the demand
for solar powered cars. Solar cars produce no noise pollution and solar energy is
completely free which are anticipated to increase the demand for these type of
cars. Rising demand for fuel efficient vehicles is anticipated to increase the demand
for solar cars. A major restraint for solar powered cars, is that not many people can
be accommodated in a solar powered car and the adoption rate of solar powered
cars is still low. The major opportunity for solar powered cars are increasing
acceptance of electric vehicles and hybrid vehicles across the world. Major
automotive manufacturers’ plans to sell thousands of electric vehicles in future.
The report provides the various competitive strategies adopted by key players
operating in the market to gain market share. Company profiles include company
details, market presence by segment and geography, strategic overview, SWOT
analysis and historical revenue. The report also contains details of market share
analysis of key players in the market. Major firms operating in the solar powered car
markets are Hanergy Holding Group (China), Venturi (France), Toyota Motor Corp.
(Japan), Ford Motor Company (the U.S), Mahindra & Mahindra (India), Cruise Car
(the U.S), The Solar Electric Vehicle Company (the U.S), Nissan Motor Company
(Japan), Immortus (Australia), and Guangzhou Jcar Industrial Company Ltd (China).
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The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
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repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
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Current trends/opportunities/challenges