Press Release

North America EV Solar Modules Market is Expected to grow at a robust CAGR of 18.58% through 2030F

The North America EV Solar Modules Market is expected to be led by the United States, driven by strong adoption of electric vehicles, government incentives, and increasing demand for sustainable charging solutions, during the forecast period 2026-2030F.


According to TechSci Research report, “North America EV Solar Modules Market – By Country, Competition, Forecast & Opportunities, 2020-2030F, The North America EV Solar Modules Market was valued at USD 49.36 Million in 2024 and is expected to reach USD 138.47 Million by 2030 with a CAGR of 18.58% during the forecast period.

Rising energy costs in North America are driving consumers and businesses toward alternative energy sources, such as solar power, for charging electric vehicles. As electricity prices climb, particularly in regions that are heavily dependent on traditional energy sources, there is a growing need for more energy-efficient and independent solutions. Solar-powered EV charging stations offer a compelling alternative, allowing users to charge their vehicles without the financial burden of rising electricity rates. In addition to reducing long-term costs, solar-powered charging systems also contribute to energy independence, offering a reliable source of power that is not subject to the volatility of utility pricing.

Government incentives and policy support are significant trends boosting the North America EV Solar Modules Market. Various federal, state, and provincial governments across North America have introduced policies that encourage the adoption of renewable energy technologies, including solar power, particularly for electric vehicle charging. In the United States, initiatives like the Inflation Reduction Act provide tax credits and rebates for the installation of solar energy systems and EV infrastructure, making it more affordable for both businesses and consumers. Similarly, Canada offers financial incentives through programs like the Canadian Renewable Energy Tax Credit, which helps offset the cost of installing solar panels and related infrastructure.

State and provincial governments have set ambitious targets for reducing greenhouse gas emissions, further stimulating demand for clean energy solutions. The regulatory environment is evolving to prioritize renewable energy adoption, and with continued policy support, solar-powered electric vehicle charging infrastructure is expected to become more widespread and financially viable. This trend reflects the broader commitment to achieving energy sustainability and reducing reliance on fossil fuels, accelerating the growth of the North America EV Solar Modules Market.


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Based on Grid Type, Hybrid Module segment is expected to be the fastest-growing segment in the North America EV Solar Modules Market during the forecast period. Hybrid modules combine the advantages of both on-grid and off-grid systems, offering increased flexibility and reliability for electric vehicle charging stations. These systems can store excess solar energy for later use while also being connected to the power grid to ensure continuous energy supply, even during periods of low solar generation. This makes them particularly attractive for areas with inconsistent sunlight or those seeking a reliable backup power source. As the demand for efficient and versatile charging infrastructure increases, especially in commercial and residential sectors, hybrid modules are gaining popularity for their ability to optimize energy use and reduce costs, driving their rapid growth in the market.

Based on country, Mexico is rapidly emerging as the fastest-growing region in the North America EV Solar Modules Market, driven by a combination of favorable government policies, increasing electric vehicle adoption, and a growing focus on renewable energy. The Mexican government has been actively promoting clean energy initiatives, offering incentives for the installation of solar systems and electric vehicle infrastructure. The country’s abundant sunlight and vast potential for solar energy make it an ideal location for integrating solar power into electric vehicle charging stations. As the automotive industry in Mexico shifts toward electric vehicles, demand for sustainable charging solutions is expected to soar. The growing industrialization, coupled with enhanced infrastructure and investment in solar technologies, positions Mexico as a key player in the expanding North America EV Solar Modules Market.


Key market players in the North America EV Solar Modules market are: -

  • Tesla, Inc.
  • Complete Solar, Inc.
  • First Solar, Inc.
  • NextEra Energy, Inc.
  • Canadian Solar Inc.
  • Enphase Energy, Inc.
  • Vivint, Inc.
  • Sunnova Energy Corporation


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“The North America EV Solar Modules Market is poised for significant growth in the future, driven by the increasing adoption of electric vehicles, government incentives, and the rising demand for sustainable energy solutions. As more consumers and businesses transition to electric vehicles, the need for eco-friendly and cost-effective charging infrastructure will surge. Advancements in solar technology, energy storage, and grid integration will further enhance the efficiency and reliability of solar-powered charging stations. Supportive policies and investments in clean energy, coupled with the growing focus on reducing carbon footprints, will fuel the expansion of the market in the coming years.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“North America EV Solar Modules Market By Solar Panel Type (Monocrystalline, Polycrystalline), By Grid Type (Off-grid Module, On-grid Module, Hybrid Module), By Application (Passenger Vehicles, Commercial Vehicles), By Country, By Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth potential of North America EV Solar Modules Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in North America EV Solar Modules Market.

 

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North America EV Solar Modules Market By Solar Panel Type (Monocrystalline, Polycrystalline), By Grid Type (Off-grid Module, On-grid Module, Hybrid Module), By Application (Passenger Vehicles, Commercial Vehicles), By Country, By Competition, Forecast and Opportunities 2020-2030F

Power | Mar, 2025

The North America EV Solar Modules Market is increasing due to the growing demand for sustainable energy solutions and the integration of solar power into electric vehicle charging infrastructure, during the forecast period 2026- 2030F

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