Latin America Electric Busmarket is estimated to grow at a considerable CAGR during the forecast period. The growing adoption of the electric buses in the region owing to cohesive government subsidies, partnerships between transit authorities and utilities, and the presence of favorable business models are the key factors to drive the growth of the Latin America electric bus market. Bus rapid transit (BRT) systems are the major form of public transportation across Latin America. The Zero-Emission Bus Rapid Deployment Accelerator (ZEBRA), an arm of C40 cities is working with a number of municipalities in Latin America including Mexico City, Medellin, and Sao Paulo to secure $1 billion for the transition of fuel transit to zero-emission buses.
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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the end-user, the market is segmented into government and fleet owners.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Latin America Electric Bus Market by Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
North America Electric Bus Market by Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
Latin America Electric Bus Market by End-User
- Government
- Fleet Owner
Company Profiles
- BYD co. Ltd.
- Higer Bus Co. Ltd.
- Sunwin Bus Corp.
- Wuzhoulong Motors
- Xiamen King Long United Automotive Industry, Co. Ltd.
- Zhengzhou Yutong Bus Co., Ltd.
- Zhongtong Bus Holding Co., Ltd.
The Report Covers
- Comprehensive research methodology of the Latin America Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Latin America Electric Bus market.
- Insights about market determinants which are stimulating the Latin America Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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