Electric Bus Market Size & Share Analysis - Industry Research Report - Growth Trends

 Study of the Electric Bus Market

The market for electric buses worldwide is anticipated to grow at a CAGR of 16.72%.

Largest Segment by Fuel Type - HEV: Over the past 20 years, public and private efforts have helped to build buses that can compete with ICE-based buses. Consequently, hybrid buses are the most popular fuel type in the worldwide e-bus market.

Fastest-growing Fuel Type Segment - BEV: The improvement of the infrastructure for charging vehicles and government and commercial initiatives to reduce carbon emissions have made BEV the fuel type for buses that is expanding the fastest worldwide.

US: The largest country segment for electric buses is China, which accounts for 98% of all electric buses globally. This is because the main producers of e-buses are Chinese companies.

HEV, the second-largest market participant, places a significant emphasis on R&D efforts. Zhongtong Bus Holding Co Ltd is the second-largest competitor in the worldwide bus market because to its wide selection of e-bus models and firm grip on the Chinese market.

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