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Insight about solar powered automative market

The global Solar-powered automotive market is expected to hit 329.5 Million USD by 2023 , with a registered CAGR of 43.4%. North America and Europe alone are responsible for over 77% of this market value. Now that these figures have your interest, let us dive a little further into what drives this industry and the impact it has on the planet. Read the full article about solar power automotive market on Medium.  

Solar for Automotive industry

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  The global Solar-powered automotive market is expected to hit 329.5 Million USD by 2023 , with a registered CAGR of 43.4%. North America and Europe alone are responsible for over 77% of this market value. Now that these figures have your interest, let us dive a little further into what drives this industry and the impact it has on the planet. First and foremost, it is important to understand what are the touchpoints of Solar power in the Automotive industry. The conventional fuels used by vehicles everywhere are primarily Petrol and diesel, both of which are fossil fuels. The average personal vehicle releases about 4.6 metric tonnes of CO2 per year . For every gallon of gas burned, they release 8.9 kilograms of CO2. Passenger vehicles cause the most pollution of all the transport modes. Not only do they cause air pollution, the emissions also pollute the water and land. The advent of electric vehicles With this information in mind, there has been a steady shift to alternat