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Electric Bus Market Revenue to Cross $53 Bn by 2027; Global Market Insights, Inc.

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SELBYVILLE, Del., March 3, 2021 /PRNewswire/ Global Market Insights Inc. has recently added a new report on the electric bus market which estimates the market valuation for the electric bus will cross US$ 53 billion by 2027. The market is anticipated to witness a surging growth rate due to the stringent emission regulations imposed by government authorities such as the Environmental Protection Agency (EPA). For instance, EPA s vehicle greenhouse gas rules will aid in eliminating about six billion metric tons of GHG pollution by 2025.
Electric Bus Market size is set to be over USD 53 billion by 2027, according to a new research report by Global Market Insights, Inc. ....

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Electric Bus Market Revenue to Cross $53 Bn by 2027; Global Market Insights, Inc.

Electric Bus Market Revenue to Cross $53 Bn by 2027; Global Market Insights, Inc.
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Worldwide Electric Bus Industry to 2027 - Proactive Government Initiatives Present Opportunities

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ResearchAndMarkets.com s offering.
Electric buses are driven by an electric motor that is powered with the help of on-board batteries. As these buses run completely on battery itself, they require re-charging once drained, unlike refueling in case of ICE buses. E-buses are extremely efficient over ICE buses in terms of power delivery, torque, maintenance as well as are pollution free. Therefore, electric buses are considered as the future of the public transport systems.
By region, Asia-Pacific dominates the market at present, followed by Europe, North America, and LAMEA. In the Asia-Pacific region, China dominated the global E-bus market in 2019, whereas South Korea is expected to grow at a significant rate in Asia-Pacific during the forecast period. ....

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