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/PRNewswire/ According to the new market research report "Electric Bus Market by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city),. ....
CHICAGO, March 7, 2022 /PRNewswire/ According to the new market research report "Electric Bus Market by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer, Range ....
345 – Pages Factors such as a rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to introduce fuel-efficient and environment-friendly buses and coaches. Thus, the Electric Bus Market is expected to witness significant growth in the future. The Asia Pacific is expected to lead the global market during the forecast period The Asia Pacific is the largest Electric Bus Market in the world. It comprises some of the fastest developing and developed economies in the world. The growth in the region can be attributed to the dominance of the Chinese market and the presence of leading OEMs such as BYD, Yutong, Zhongtong, and Ankai in the country, resulting in the exponential growth of the Asia Pacific Electric Bus Market. The Asia Pacific market is dominated by China, which has large sales volumes for electric buses. With favourable government regulations and the increasing adoption of electric buse ....
Electric Bus Market Exceed to 704 thousand units by 2027 iCrowd Newswire According to the new market research report
by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer Segment (Fleet Operators & Government), Range, Length of Bus, Power Output, Battery Capacity, Component, Battery type & Region , Published by MarketsandMarkets™, The global Electric Bus Market size is projected to grow from 81 thousand units in 2021 to reach 704 thousand units by 2027, at a CAGR of 43.1%. The growth of the Electric Bus Market can be attributed to the increasing focus of countries on electrification of their public transport fleets with subsidies and favourable regulations due to emission concerns. Advancements in battery pack technologies, declining battery prices, government support, huge subsidies along with tax exemptions, and innovations in electric powertrains are some of the major factors driving the growth of the electric bus and coach i ....