PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1739342
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1739342
Global EV Solar Modules Market to Reach US$1.9 Billion by 2030
The global market for EV Solar Modules estimated at US$557.9 Million in the year 2024, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 22.5% over the analysis period 2024-2030. Monocrystalline Solar Panel, one of the segments analyzed in the report, is expected to record a 23.9% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Polycrystalline Solar Panel segment is estimated at 18.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$146.7 Million While China is Forecast to Grow at 21.2% CAGR
The EV Solar Modules market in the U.S. is estimated at US$146.7 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$286.2 Million by the year 2030 trailing a CAGR of 21.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 20.9% and 19.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.4% CAGR.
Global EV Solar Modules Market - Key Trends & Drivers Summarized
Why Are EV Solar Modules Gaining Traction in the Quest for Sustainable Mobility?
EV solar modules-photovoltaic panels integrated into electric vehicles (EVs) or used to power EV infrastructure-are emerging as a promising innovation in the global transition to clean, decentralized mobility solutions. As the transportation sector faces mounting pressure to reduce its carbon footprint, EV solar modules offer a dual advantage: they provide renewable energy directly at the point of use and reduce dependency on grid electricity, much of which is still fossil-fuel-based in many regions. For electric vehicles, solar integration helps extend driving range, improve charging efficiency, and support ancillary functions like air conditioning or onboard electronics without depleting battery reserves. While currently most feasible for smaller vehicles, delivery vans, or lightweight urban EVs, continuous advancements in solar efficiency and flexible panel technologies are expanding their potential use in a wider range of vehicles. Additionally, solar-powered EV charging stations are becoming increasingly viable, particularly in regions with abundant sunlight, enabling off-grid or hybrid-grid operations that reduce strain on urban electricity infrastructure. As battery technology and solar panel conversion efficiencies improve, EV solar modules are positioned to become a critical enabler of energy autonomy and carbon-neutral mobility. This shift aligns with consumer preferences for self-sufficiency, low-operating-cost transportation, and reduced environmental impact-making EV solar modules not only a technological innovation but a compelling lifestyle proposition.
How Are Technological Breakthroughs Making Solar Integration in EVs More Practical?
Rapid advancements in photovoltaic and materials science technologies are making the integration of solar modules into electric vehicles and related infrastructure increasingly practical and commercially viable. The development of ultra-thin, flexible, and lightweight solar panels-such as those made from perovskite or thin-film technologies-allows modules to conform to the aerodynamic shapes of vehicle roofs, hoods, and body panels without compromising aesthetics or performance. Simultaneously, innovations in solar cell efficiency, now reaching above 23% in lab conditions, are enhancing energy output from limited surface areas. Integration with maximum power point tracking (MPPT) systems and intelligent energy management software is optimizing solar harvesting and distribution within the vehicle’s powertrain. Some manufacturers are also exploring bifacial solar panels and transparent solar glass that can be embedded in vehicle windows or sunroofs. At the infrastructure level, modular solar-powered EV chargers are becoming scalable, mobile, and easy to deploy in urban, rural, and off-grid areas. In tandem, energy storage solutions-including lithium-ion and solid-state batteries-are being integrated with solar EV modules to ensure consistent power availability even during low sunlight conditions. These innovations are supported by growing R&D investments and pilot programs from automakers, clean energy firms, and governments aiming to validate solar-powered EV concepts in real-world conditions. As technology continues to evolve, the reliability, efficiency, and cost-effectiveness of EV solar modules are expected to improve significantly, fostering broader adoption across both consumer and commercial transportation markets.
What Role Do Sustainability Goals and Infrastructure Development Play in Market Expansion?
Global sustainability targets and the rapid development of EV and solar infrastructure are jointly accelerating the adoption of EV solar modules. Governments worldwide are setting ambitious net-zero goals, electrification mandates, and renewable energy targets, all of which create a favorable regulatory environment for EV solar innovation. Initiatives such as carbon credits, tax rebates, and green infrastructure funding are incentivizing the integration of solar systems into both vehicles and charging networks. Urban planning is increasingly prioritizing multi-functional spaces that accommodate solar carports, integrated EV-charging hubs, and renewable microgrids to support clean transportation corridors. In rural or remote areas, where grid connectivity remains a challenge, solar-powered charging infrastructure is offering a cost-effective and sustainable alternative to traditional power sources, bridging a critical accessibility gap. Fleet operators and logistics companies are adopting EV solar modules as part of their sustainability strategies, using them to lower fuel and charging costs, meet ESG (Environmental, Social, and Governance) criteria, and reduce operational emissions. On the consumer side, rising awareness of climate change and energy independence is encouraging adoption of solar-enabled EVs and home-based solar charging units. Solar-leasing models and vehicle-to-grid (V2G) capabilities are also reshaping ownership and energy usage dynamics, allowing EVs to function as mobile power units that interact with the grid. Together, these policy, infrastructure, and behavioral shifts are creating a robust ecosystem that supports the integration and scalability of EV solar modules globally.
What Key Forces Are Propelling the Growth of the EV Solar Modules Market?
The growth in the EV solar modules market is driven by several factors linked to technological innovation, end-user adoption trends, clean energy integration, and infrastructure readiness. A core driver is the increasing convergence of the electric mobility and renewable energy sectors, where solar energy offers a viable solution to enhance vehicle range, reduce grid dependency, and lower operating costs. The continuous improvement in solar panel efficiencies, lightweight materials, and vehicle integration capabilities is enabling practical applications in commercial fleets, urban EVs, and two- or three-wheelers. From an end-use perspective, logistics providers, public transport operators, and private EV owners are adopting solar modules to supplement vehicle power, reduce emissions, and support continuous operations in low-infrastructure regions. Additionally, the rise in solar-powered EV charging stations-particularly in sun-rich regions like the Middle East, Southeast Asia, and Africa-is fueling infrastructure-led demand. Consumer behavior is also playing a critical role, as eco-conscious buyers seek vehicles that maximize energy self-reliance and sustainability. The growing affordability of solar panels and decentralized storage systems is further enhancing accessibility to EV solar solutions. On the regulatory front, government incentives, grants, and clean mobility policies are accelerating development, pilot deployments, and commercialization of integrated solar-EV products. Collaborations between solar tech companies, automakers, and energy utilities are catalyzing innovations and bundled offerings, making the technology more attractive and scalable. These intersecting trends are collectively driving the robust and accelerating growth of the EV solar modules market, positioning it as a pivotal contributor to the future of sustainable transportation.
SCOPE OF STUDY:
The report analyzes the EV Solar Modules market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Solar Panel Type (Monocrystalline, Polycrystalline); Grid Type (Off-grid Module, On-grid Module, Hybrid Module); Application (Passenger Cars, Commercial Vehicles)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 42 Featured) -
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA <> CHINA <> MEXICO <> CANADA <> EU <> JAPAN <> INDIA <> 176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
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