Technology Electric Buses Market Growth, Trends and Forecast
Hexa Research
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Electric Buses Market Analysis, Size, Share, Growth, Industry
Demand and Forecast to 2024 | Hexa Research
The electric buses market is expected to witness significant growth over the forecast period
owing to the growing deployment of hybrid and electric framework transport model in the U.S.,
Canada, UK, Germany and France. Factors such as rising contamination concerns need for
improvement in transportation segment and government initiatives are propelling the demand
for electric buses. Moreover, the shift from CNG/LPG transportation systems to zero discharge
transport is contributing to the industry growth. Emerging economies such as India are focusing
on deploying smart electric buses in the near future. Developments in the field of electric
mobility and transportation sector are further fuelling the market demand.
Rising natural concerns and growing government interests in fuel sparing advancements and
alternative fuel vehicles is driving development of these systems.. However, the industry is in its
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