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Global Electric Bus Market Industry: A Latest Research Report to Share Market Insights and Dynamics
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The market is driven by supportive government initiatives and mounting alarm about environmental pollution. Increase in the requirement of an efficient vehicle with zero carbon emission, strict regulations regarding vehicle emission, the upsurge in air pollution, and mounting alarm about environmental pollution are also facilitating the growth of the market.
Asia-Pacific accounted for the major share in the electric bus industry in 2017, globally mounting government initiatives and support. In addition, mounting population, an upsurge in air pollution, reducing the cost of batteries, mounting disposable income, rapid urbanization, mounting awareness of environmental safety, the mounting price of gasoline, increase in the requirement of an efficient vehicle with zero carbon emission and large population base.
Explore Full Research Report Description at https://www.vynzresearch.com/automotive-transportation/electric-bus-market
Major players in the electric bus market are catering the demand by collaborating with small players and investing in technologically advanced product portfolio across the globe. In October 2017, Proterra introduced DuoPower drivetrain for its Catalyst zero emission buses at American Public Transit Association (APTA). Daimler AG, New Flyer Industries Inc., Zhengzhou Yutong Group, EBUSCO, King Long United Automotive Industry Co. Ltd., Shenzhen Wuzhoulong Motors, BYD Company Limited, Alexander Dennis Limited, and Proterra Inc. are the key players offering electric bus.
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