Electric Bus

Electric Bus Market is Valued at USD 35.14 Billion in 2018 and Expected to Reach USD 173.68 Billion by 2025 with a CAGR of 25.64% Over the Forecast Period. Strict government regulations regarding the vehicle emission is the key factor driving the growth of Global Electric Bus Market.
Scope of Electric Bus Market Report:
Electric buses are powered by electricity and propelled by traction motors. In conventional buses, internal combustion engines (ICEs) and fossil fuels are used instead of an electricity source and traction motors. Electric buses can use electric energy from on-board sources such as a battery or an electricity generator connected to the ICE, or off-vehicleenergy sources such as overhead lines. 

In developing countries many public transport authorities have a great interest in introducing zero-emission electric buses due to the support efforts to reduce the air pollution. Electric vehicles are composed of fewer moving parts compared to traditional internal combustion motors. So, they require less operational and maintenance issues. Electric buses also have less parts than standard buses so they have lower maintenance costs over time- another factor contributing to savings.

Electric bus market is segmented on the basis of type, charging type, customer, application and region. Based on type the market is divided into battery electric bus and hybrid electric bus. By charging type, the electric bus market is classified into non-autonomous and autonomous. By customer, the electric bus market is classified into public and private. By application, the electric bus market is classified into shuttles, school buses, transit buses and others.

The regions covered in this Electric Bus Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Electric Bus Market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc. 

Key Players for Global Electric Bus Market Report–Key players of the Electric Bus Market are BYD Company Limited, AB Volvo, Solaris Bus & Coach S.A., Daimler AG, Ashok Leyland Ltd., Temsa, Jingzhou Xinwei, Wanxiang EV, GreenPower Bus, Volvo Buses, King Long United Automotive Industry Co. Ltd., Rich Electric, Wright Bus, Lian Fu, Optare, Tbus, YueXi Bus, Zhong Tong, Ursus, Ebusco, VDL, Yutong Buses, Yangzhou Dawn, Orion Bus, Complete Coach Works, Proterra, Rishbin Vehicles, EBus Company, Easy Go Electric, Eagle EV, Tecnobus and others.

Increase Requirement for Public Transports with Zero Carbon Emission is the Major Factor Driving the Growth of Global Electric Bus Market. Electric buses are one of the best solutions to reduce fuel energy consumption and reduce air pollution due to the transportation sector. Hazards of automobile exhaust are around 65% of the total urban environmental pollution.  Nearly 25% of the CO2 emission and 70% of the toxic gas comes from auto exhaust. Government initiatives and incentives in developed and developing countries are playing a crucial role in facilitating the growth of the electric bus market. In 2016, China’s Ministry of Transport (MOT) provided the tax benefits and subsidies to manufacturers of low-emission buses and the purchase of electric buses $81,600 subsidies is provided for per bus. 

However, the infrastructure for charging the electric buses is currently weak in many developing economies which may hinder the growth of the electric bus market. In spite of that, technological advancement and increasing demand of wirelessly-charged buses can provide the various opportunities for the further growth of the global electric bus market within the forecast period. 

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Electric Bus Market
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Key Benefits for Electric Bus Market Reports 
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Electric Bus Market Segmentation:–
By Type:
•	Battery Electric Bus
•	Hybrid Bus

By Charging Type:
•	Autonomous
•	Non-Autonomous

By Customer:
•	Public
•	Private

By Application:
•	Shuttles 
•	School Buses
•	Transit Buses 
•	Others

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Electric Bus Market Key Players:
• BYD Company Limited
• AB Volvo
• Solaris Bus & Coach S.A.
• Daimler AG
• Ashok Leyland Ltd.
• Temsa
• Jingzhou Xinwei
• Wanxiang EV
• GreenPower Bus
• Volvo Buses
• Others

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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