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

Market Overview

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. The North America EV Solar Modules market refers to the integration of solar panel technology into the electric vehicle ecosystem, specifically for solar-powered charging solutions. These modules are designed to harness solar energy and convert it into electricity to charge electric vehicles, offering a sustainable and eco-friendly alternative to conventional grid-based charging. The market for these solar modules is expected to rise due to a combination of factors. The growing adoption of electric vehicles across North America, driven by environmental awareness, government incentives, and advancements in battery technology, is creating a significant demand for innovative charging solutions. As the need for charging infrastructure expands, integrating solar power provides an environmentally friendly and cost-effective option, especially in regions with abundant sunlight.

As the grid faces capacity challenges and rising energy costs, solar-powered charging stations offer a decentralized solution, reducing reliance on traditional energy sources and providing greater energy independence for consumers. The trend towards sustainability and clean energy is gaining momentum, with both individual consumers and businesses looking for ways to minimize their carbon footprints. Many vehicle manufacturers and energy companies are now exploring the integration of solar modules into their charging networks or vehicles themselves, further driving the market's growth.

The North American government’s supportive policies, such as tax incentives and renewable energy targets, also play a pivotal role in fostering innovation and investments in solar technology. As solar panel efficiency improves and the cost of solar technology decreases, these systems become more accessible and financially viable for widespread adoption. As these trends continue to evolve, the North America EV Solar Modules market is expected to see accelerated growth, transforming how electric vehicles are charged while contributing to the region’s overall energy transition towards sustainability.

Key Market Drivers

Growing Adoption of Electric Vehicles (EVs)

The increasing adoption of electric vehicles across North America is one of the primary drivers propelling the growth of the North America EV Solar Modules Market. As more consumers and businesses opt for sustainable transportation solutions, the demand for infrastructure supporting EVs, such as charging stations, is surging. Solar modules, integrated with EV charging systems, offer an eco-friendly and efficient solution for charging electric vehicles without relying solely on grid power. Governments across the U.S. and Canada are pushing for a transition to electric mobility through incentives, rebates, and environmental policies aimed at reducing carbon emissions. This transition is further bolstered by automakers’ increased production of electric vehicles, offering a diverse range of options for consumers.

For instance, the total number of electric vehicles on the road in the U.S. exceeded 1.7 million in 2023, a number expected to grow by over 30% annually through 2030. With more electric vehicles being introduced into the market, the need for charging infrastructure powered by sustainable energy solutions like solar modules will continue to rise.

Government Policies and Incentives Supporting Sustainable Energy

Government policies and incentives aimed at reducing the carbon footprint and promoting renewable energy adoption are significantly driving the North America EV Solar Modules Market. Both federal and state governments have recognized the importance of clean energy technologies in achieving sustainability goals. In the U.S., initiatives like the Inflation Reduction Act, which offers tax credits for renewable energy technologies, have accelerated the adoption of solar power and EV infrastructure. Similarly, Canada has introduced several programs aimed at providing financial incentives for businesses and consumers who install solar energy solutions, particularly those integrated into EV charging stations.

These government-backed incentives not only reduce the upfront costs of installing solar modules but also contribute to lowering the long-term operational costs for consumers. By encouraging the use of renewable energy in transportation, these policies are facilitating a shift toward a cleaner, more sustainable energy ecosystem that includes solar-powered charging stations for electric vehicles. As government support continues to grow, the integration of solar modules with EV infrastructure will be a key component in the broader push toward sustainable energy. The U.S. Inflation Reduction Act allocated USD 369 billion in clean energy investments, including tax credits for renewable energy technologies, which will directly impact the growth of the North America EV Solar Modules Market.

Technological Advancements in Solar Panel Efficiency

Technological advancements in solar panel efficiency are another key driver of the North America EV Solar Modules Market. As solar technology continues to improve, solar modules are becoming more efficient, compact, and cost-effective. The increased efficiency of solar panels allows for more power to be generated from smaller installations, reducing the space required for solar arrays and making them a viable solution for urban and suburban environments.

Advancements in energy storage technologies, such as batteries capable of storing solar energy, enable EV owners to charge their vehicles even when sunlight is not available. The cost of solar modules has also decreased significantly over the last decade, making them more accessible to a broader range of consumers and businesses. The combined improvements in solar panel efficiency and the decreased cost of installation are making solar-powered EV charging an increasingly attractive option for the North American market. With efficiency rates for modern solar panels reaching over 20%, this makes the technology more suitable for EV charging, even in areas with less consistent sunlight. Solar panel efficiency has improved to over 20% for modern modules, and the cost of solar panel installations has dropped by more than 70% over the last decade, contributing to the growth of the North America EV Solar Modules Market.

Increasing Consumer Awareness and Demand for Sustainable Solutions

Increasing consumer awareness about climate change and the environmental impacts of traditional energy sources is playing a significant role in driving the growth of the North America EV Solar Modules Market. As more individuals and businesses seek ways to reduce their carbon footprint, there is growing interest in adopting renewable energy solutions like solar power for EV charging. Consumers are becoming more informed about the benefits of solar technology, including its potential to reduce greenhouse gas emissions, lower electricity costs, and provide energy independence.

As the popularity of electric vehicles grows, more consumers are looking for ways to integrate their sustainable transportation choices with clean energy solutions. The rise in environmental consciousness is also being fueled by social media, environmental advocacy, and corporate sustainability initiatives that highlight the importance of reducing reliance on fossil fuels. As a result, solar-powered charging stations for electric vehicles are increasingly seen as not only a practical solution but also an environmentally responsible choice for both residential and commercial consumers. A recent survey found that 72% of North American consumers are willing to pay more for products that are environmentally friendly, which is increasing demand for solar-powered EV charging solutions.

Download Free Sample Report

Key Market Challenges

High Initial Capital Investment

One of the primary challenges facing the North America EV Solar Modules Market is the high initial capital investment required for the installation of solar-powered electric vehicle charging stations. While solar power offers long-term savings through lower energy costs, the upfront costs for purchasing and installing solar modules, battery storage systems, and the necessary infrastructure can be substantial. For both residential and commercial customers, this financial barrier can be a significant deterrent, especially when compared to traditional grid-powered charging stations that may require much lower initial investment. While government incentives and rebates do help reduce some of these costs, they are not always sufficient to make solar charging infrastructure affordable for all potential customers.

For businesses, the lack of immediate financial return on investment, along with the complexities of integrating solar power with existing charging networks, can further discourage adoption. This challenge is compounded by the need for specialized skills to install and maintain solar-powered charging systems, which can lead to additional expenses and logistical issues. Although the cost of solar technology has decreased in recent years, the initial capital investment remains a considerable challenge for broader market penetration and adoption, limiting the speed at which the North America EV Solar Modules Market can grow.

Intermittency of Solar Energy and Energy Storage Limitations

The intermittency of solar energy presents another major challenge to the widespread adoption of solar-powered electric vehicle charging stations in the North America EV Solar Modules Market. Solar energy production is highly dependent on weather conditions and time of day, meaning that solar modules may not generate sufficient power during cloudy days or at night. This variability can lead to insufficient charging capacity for electric vehicle owners who rely solely on solar-powered stations, especially in regions with long winters or frequent overcast conditions. To mitigate this issue, energy storage systems, such as batteries, must be used to store excess energy generated during sunny periods for use when solar generation is low.

However, the cost and capacity of current energy storage solutions are still limiting factors. While advancements in battery technology have improved efficiency, energy storage remains an expensive and technically complex challenge, particularly for commercial-scale installations. Battery degradation over time, which leads to reduced storage capacity, could further complicate the economics of solar-powered charging stations. These limitations on energy generation and storage affect the reliability of solar-powered charging infrastructure, ultimately hindering the growth and widespread adoption of the North America EV Solar Modules Market. Unless technological advancements in both solar efficiency and energy storage solutions occur rapidly, this intermittency issue could significantly slow the market’s momentum.

Regulatory and Grid Integration Challenges

Regulatory hurdles and the challenges associated with integrating solar-powered electric vehicle charging stations into existing energy grids are significant obstacles in the North America EV Solar Modules Market. While the adoption of solar technology has received considerable support from government incentives, local regulations often pose significant barriers to the widespread deployment of solar-powered charging stations. In some regions, zoning laws, building codes, and utility regulations may be restrictive, making it difficult to install and operate solar infrastructure at a commercial scale. The integration of solar-powered charging systems with existing power grids presents its own set of complexities. The current power grid infrastructure in many parts of North America is not designed to accommodate large volumes of distributed solar energy or the demands of electric vehicle charging. In some areas, grid capacity is limited, and integrating solar-powered charging stations could strain the system, potentially leading to grid instability or higher costs.

Regulations around net metering and energy tariffs are often complex, and policies may vary significantly between different regions, creating confusion and inconsistency for businesses and consumers. Without standardization and streamlined regulatory processes, the ability to deploy solar-powered charging solutions effectively and efficiently will be severely hindered. The lack of regulatory clarity and the complexity of integrating solar energy with the grid remains a significant challenge for the North America EV Solar Modules Market and must be addressed to facilitate broader adoption.

Key Market Trends

Integration of Solar Power with Electric Vehicle Charging Infrastructure

A key trend in the North America EV Solar Modules Market is the increasing integration of solar power with electric vehicle charging infrastructure. As electric vehicle adoption accelerates, the demand for sustainable and efficient charging solutions is rising. The integration of solar modules into charging stations not only makes charging more eco-friendly but also reduces dependency on the grid, enabling users to harness renewable energy. This trend is gaining traction due to the growing emphasis on sustainability, energy independence, and the desire to lower operating costs.

Solar-powered charging stations are particularly beneficial for remote locations, where access to the power grid might be limited or costly. By using solar energy to charge electric vehicles, these systems can provide a decentralized, cost-effective, and sustainable charging solution. Several electric vehicle manufacturers and energy companies are exploring partnerships to integrate solar modules directly into vehicles, further enhancing the trend toward renewable energy usage. This integration is expected to play a significant role in transforming the electric vehicle ecosystem into a more energy-efficient and sustainable model.

Advancements in Energy Storage Solutions

Advancements in energy storage solutions are a critical trend driving the North America EV Solar Modules Market. For solar-powered electric vehicle charging stations to function optimally, energy storage systems are essential to ensure that solar power is available even during periods of low sunlight, such as at night or on cloudy days. Over the past few years, there have been significant improvements in battery storage technologies, including enhanced capacity, efficiency, and lifespan. Innovations in lithium-ion and solid-state batteries have made energy storage more affordable and effective.

These advancements are vital for overcoming the intermittency challenges that have traditionally hindered the widespread adoption of solar-powered charging stations. By allowing excess solar energy to be stored for later use, energy storage systems make solar-powered charging more reliable and accessible. As energy storage technology continues to improve and become more cost-effective, the ability to provide consistent and reliable power for electric vehicles will help drive further market growth in the North America EV Solar Modules Market.

Growth of Solar-Powered Charging Stations for Commercial Fleets

The growth of solar-powered charging stations for commercial fleets is an emerging trend in the North America EV Solar Modules Market. As businesses look to reduce their carbon footprint and lower operational costs, many are transitioning their vehicle fleets to electric models. Solar-powered charging stations offer a cost-effective and sustainable solution for businesses with large fleets of electric vehicles. These systems allow companies to generate their own clean energy, reducing the reliance on grid power and minimizing energy costs. The growing focus on corporate sustainability initiatives is driving businesses to integrate solar power into their operations, including their vehicle charging infrastructure.

Commercial fleets, such as those operated by delivery companies, logistics providers, and municipalities, are particularly well-suited for solar-powered charging stations, as they often operate in predictable patterns that can be matched with solar generation schedules. As commercial entities increasingly adopt electric vehicles, the demand for solar-powered charging solutions is expected to grow, contributing to the expansion of the North America EV Solar Modules Market. This trend represents a broader shift toward sustainable business practices and will continue to shape the future of the commercial transportation sector.

Segmental Insights

Solar Panel Type Insights

Monocrystalline segment dominated in the North America EV Solar Modules Market in 2024 and maintain its leadership throughout the forecast period. Monocrystalline solar panels are known for their high efficiency, long lifespan, and superior performance, particularly in environments with limited space or lower light conditions. These advantages make them the preferred choice for integrating solar power into electric vehicle charging stations, where space efficiency and high energy output are critical. Monocrystalline panels are made from a single continuous crystal structure, which allows electrons to flow more freely, thus enhancing their efficiency compared to other types of solar panels. This makes them ideal for locations with limited rooftop or ground space, such as urban areas or commercial sites, where maximizing energy output is crucial.

The increasing demand for higher-performing, long-lasting solar panels, driven by both residential and commercial consumers looking to offset energy costs and reduce their carbon footprint, further supports the dominance of the monocrystalline segment. The high efficiency of these panels allows for faster charging times for electric vehicles, adding to their attractiveness in the rapidly growing EV charging infrastructure market. With the cost of monocrystalline solar panels continuing to decrease due to technological advancements and economies of scale, these panels are becoming more affordable, further fueling their adoption in the North America EV Solar Modules Market. As more electric vehicle charging stations integrate solar power solutions, the demand for monocrystalline panels is expected to remain strong, driving the segment's continued dominance throughout the forecast period.

Application Insights

Based on the Application, Passenger Vehicles segment dominated in the North America EV Solar Modules Market in 2024. This can be attributed to the growing consumer demand for electric vehicles, driven by increasing environmental awareness, government incentives, and the rising availability of electric vehicle models. As more individuals transition to electric mobility, the demand for solar-powered charging stations at homes, businesses, and public locations is also surging. Solar modules integrated into electric vehicle charging infrastructure provide an eco-friendly and cost-effective charging solution for passenger vehicle owners. The advancements in solar technology and energy storage are making solar-powered charging stations more reliable and accessible for residential and commercial use. As the adoption of electric vehicles continues to accelerate, the passenger vehicle segment is poised to maintain its leadership in the North America EV Solar Modules Market throughout the forecast period.

Download Free Sample Report

Country Insights

Largest Country

The United States dominated the North America EV Solar Modules Market in 2024 and is expected to maintain its leadership throughout the forecast period. This dominance is driven by several factors, including the country’s robust electric vehicle adoption, government policies supporting clean energy, and the growing demand for sustainable charging infrastructure. The U.S. benefits from significant investments in renewable energy technologies, such as solar power, which are being integrated into electric vehicle charging stations across residential, commercial, and public sectors.

The implementation of the Inflation Reduction Act and other incentives has further fueled this growth, providing financial support for the installation of solar modules and EV charging systems. Major U.S. automakers are accelerating their electric vehicle production, creating a strong market for solar-powered charging solutions. As these trends continue, the United States will remain a key player in the North America EV Solar Modules Market.

Emerging Country

Canada is emerging as a significant player in the North America EV Solar Modules Market and is expected to continue its growth in the coming years. The country's vast renewable energy resources, particularly in solar power, position it well for expanding its clean energy infrastructure, including solar-powered electric vehicle charging stations. Government initiatives such as incentives for clean energy technologies, coupled with increasing adoption of electric vehicles, are driving demand for solar solutions. Canada's commitment to reducing carbon emissions and advancing sustainability aligns with the growing need for energy-efficient EV charging options. As the country invests in both solar technology and EV infrastructure, Canada is set to play a crucial role in the region’s transition toward a greener, more sustainable transportation system.

Recent Developments

• In March 2025, Sharp Corporation proudly announced that eight of its products received the prestigious 2025 iF Design Award, organized by the iF Design Foundation. The iF Design Award, one of the most renowned global design accolades, saw approximately 11,000 entries from 66 countries across nine disciplines. Sharp's award-winning products were recognized for their exceptional design, functionality, innovation, and sustainability, reflecting the company's commitment to enhancing people's lives through beautifully designed, user-friendly products.
• In November 2024, FREYR Battery announced its agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599). The deal is subject to customary conditions, including third-party consents, the completion of a preferred stock issuance to Encompass Capital Advisors LLC, and an internal reorganization by Trina Solar. The acquisition is expected to close around the end of 2024, marking a significant step in FREYR’s growth strategy.
• In September 2024, Sunrun announced that CEO Mary Powell was named to Forbes’ inaugural list of Sustainability Leaders. The list recognizes 50 global innovators shaping a sustainable future. Powell’s leadership propelled Sunrun to become the first U.S. solar-plus-storage company to exceed 1 million customers. Under her guidance, Sunrun has expanded rapidly, adding over 400,000 customers in three years and significantly increasing solar and battery storage installations.
• In October 2023, Canadian Solar Inc. announced the establishment of a 5 GW Solar PV cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana. The $800 million investment will create approximately 1,200 high-tech jobs. The plant will produce solar cells for Canadian Solar's 5 GW module assembly plant in Mesquite, Texas, with production expected to begin by the end of 2025.

Key Market Players

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

Report Scope:

In this report, the North America EV Solar Modules Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• North America EV Solar Modules Market, By Solar Panel Type:

o   Monocrystalline

o   Polycrystalline      

• North America EV Solar Modules Market, By Grid Type:

o   Off-grid Module

o   On-grid Module

o   Hybrid Module      

• North America EV Solar Modules Market, By Application:

o   Passenger Vehicles

o   Commercial Vehicles       

• North America EV Solar Modules Market, By Country:

o   United States

o   Canada

o   Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the North America EV Solar Modules Market.

Available Customizations:

North America EV Solar Modules Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

North America EV Solar Modules Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com