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Solar Vehicle Market will reach at a CAGR of 36.1% from to 2033

According to the Market Statsville Group (MSG), the global solar vehicle market size is expected to grow from USD 283.2 million in 2022 to USD 4,407.9 million by 2033, at a CAGR of 36.1% from 2023 to 2033.

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Solar Vehicle Market Size, Share and Trends Analysis by 2033
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Solar Vehicle Market Size, Share and Trends Analysis by 2033

A solar vehicle is a type of vehicle that is powered by energy from the sun, typically through the use of solar panels. Solar panels, also termed as photovoltaic cells, convert sunlight into electricity, which is then stored in a battery and used to