Global Electric Bus Market
Electric Bus Market
According to Verified Market Research, Global Electric Bus Market was valued at USD 102.71 thousand units in 2018 and is projected to reach USD 686.31 thousand units by 2026, growing at a CAGR of 26.8 % from 2019 to 2026.
Global Electric Bus Market Outlook
The introduction of stringent government regulations and increasing environmental concerns regarding the growing air pollution is the major factor driving market growth. In addition, the outstanding characteristic of the electric bus such as zero-emission, better acceleration, and silent operation contributes to propel the market growth. Furthermore, the growing demand of consumers for energy-efficient transportation accelerating the market. However, the huge initial investments and issues related to the extreme weather condition in response affects the performance of electric bus are some factors expected to restrain the market growth.
Global Electric Bus Market Competitive Landscape
The Global Electric Bus Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BYD, Yutong, Proterra, VDL Groep, Solaris Bus & Coach S.A, New Flyer Group, Tata Motors, AB Volvo, Daimler, and Ebusco BV.
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