Forecast
Period
|
2026-2030
|
Market
Size (2024)
|
USD
49.36 Million
|
Market
Size (2030)
|
USD
138.47 Million
|
CAGR
(2025-2030)
|
18.58%
|
Fastest
Growing Segment
|
Hybrid
Module
|
Largest
Market
|
United
States
|
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.
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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.

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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
By Solar Panel Type
|
By Grid Type
|
By Application
|
By Country
|
- Monocrystalline
- Polycrystalline
|
- Off-grid Module
- On-grid Module
- Hybrid Module
|
- Passenger Vehicles
- Commercial Vehicles
|
- United States
- Canada
- Mexico
|
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
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