Report Overview:
Vehicle-integrated photovoltaics (VIPV) refer to solar panels seamlessly embedded into vehicle surfaces like roofs, hoods, or body panels to convert sunlight into electricity. This emerging technology enhances energy autonomy for electric and hybrid vehicles by supplementing battery power, potentially extending driving range by 10-40 km/day while reducing charging dependency. VIPV systems incorporate lightweight, high-efficiency solar cells that meet stringent automotive safety and aerodynamic requirements.
The market growth is driven by accelerating EV adoption, stringent emission regulations, and advancements in flexible thin-film solar technology. However, challenges remain in optimizing energy yield-to-cost ratios and overcoming space constraints on vehicle surfaces. Recent developments include Lightyear's solar-powered sedan achieving 725 km range and Toyota's integration of solar roofs in Prius models. Key players like Sono Motors and Nissan are actively expanding their VIPV portfolios, with the top five companies collectively holding approximately 68% market share in 2024.
Market Value:
Global Vehicle-integrated Photovoltaic (VIPV) market size was valued at USD 105 million in 2024. The market is projected to grow from USD 134 million in 2025 to USD 561 million by 2032, exhibiting a CAGR of 27.8% during the forecast period. CAGR of 27.8% (2024 – 2032)
