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The global automotive solar carport charging station market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 14% by 2021, the market research analysts at Technovio predicts. The analysis identifies the rise in demand for electric vehicles in the emerging markets as one of the primary growth factors for this market. Factors such as the reduction in costs of batteries, the introduction of stringent fuel efficiency regulations, and incentives from the governments of various countries, will drive the sales of electric vehicles, in turn, propelling the demand for solar charging stations.
