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Electric Buses Market Analysis: Global Size Grow At A CAGR Of 22.9% Over The Forecast Period January 20, 2021 | by admin | The overall electric buses market worldwide is set to grow with a CAGR of 22.9% through the forecast period starting from 92,200 units in 2017. Market Insights With ever-increasing environmental concerns coupled with regulations, electric vehicles are experiencing widespread demand all over the world, with China at the forefront. Among the electric vehicles sector as a whole, electric busses have shown rapid growth over the last few years and are expected to lead the overall market for electric vehicles over the forecast period. Despite the well-established market for CNG vehicles, electric busses are expected to present tough competition to the former in the years to come. Although electric buses are more expensive to purchase, these buses offer much lower maintenance and operation cost as compared to CNG and diesel operated buses. Subs

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