The global electric bus market is expected to grow exponentially at a tremendous rate by the end of 2027. A global focus on promoting electric transit solutions is primarily expected to drive this market growth. Government support to encourage the use of electric vehicles is speeding up the market.
The COVID-19 pandemic has halted development in the global market, leaving a gap in the manufacturing sector. This stagnation is expected to persist sooner or later, paving the way for market growth, and the Middle East and Africa are expected to emerge as major regions of the global market during the forecast period. Accelerated government initiatives to promote electric public transport vehicles in the region have significantly increased the size of the landscape.
The global electric bus market is expected to witness a whopping CAGR post Covid-19 era.
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A full report of Electric Bus Market available at: https://www.orionmarketreports.com/electric-bus-market-global-industry-analysis-size-share-growth-trends-and-forecast-2021-2027-market/47048/
Electric Bus Market Segmentation
Based on Propulsion Type:
• BEV
• PHEV
• FCEV
Based on the Consumer Segment:
• Fleet Operator
• Government
Based on Application:
• Intercity
• Intracity
Based on the Length of Bus Type:
• less than 9 m
• 9−14 m
• Above 1 4m
Based on Range:
• less than 150 miles
• 150–300 miles
• Above 300 miles
Based on Battery Capacity:
• Less than 50 kWh
• 50–250 kWh
• Above 250 kWh
Based on Power Output:
• Less than 100 kW
• 100–250 kW
• Above 250 kW
Based on Component (qualitative):
• Motor
• Battery
• Fuel Cell Stack
• Ultra-capacitor
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
