Press release
Electric Bus Market Overview Size, Status, Revenue, Growth Rate, CAGR % with Future Analysis
On the basis of vehicle type, the electric bus market is segmented into battery electric bus (BEB), plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB). The BEB category recorded the highest sales by volume in in 2017, with a market share of more than 75%. Furthermore, the category is expected to continue being the largest vehicle type in the market, owing to the declining battery prices and the minimum levels of carbon emissions it offers.
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By customer, the electric bus market is categorized into public and private. The public category recorded the highest sales by volume in 2017, with a market share of more than 65%. This is because the governments around the world are incorporating eco-friendly version into public transport, gradually replacing the conventional buses. Also, these buses are costly as compared to their conventional counterparts, and public sector being less cost sensitive than the private players, the adoption of these buses is higher in the public category.
Rising concern about greenhouse gas emission driving the global electric bus market
The air pollution caused due to the vehicles running on conventional fuels has become a major global concern, due to which, the policy makers around the globe are looking for an alternative to curb this problem. Although, in the last decade, the compressed natural gas (CNG) based bus has been used an a viable alternative to the ones that run on conventional fuel, electric bus is gaining popularity due to its zero carbon emission feature. Therefore, the electric bus market is expected to grow significantly during the forecast period.
• Market Segmentation
• By Vehicle Type
• Battery Electric Bus (BEB)
• Plug-in Hybrid Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)
• By Hybrid Powertrain
• Parallel Hybrid
• Series Parallel Hybrid
• Series Hybrid
• By Length
• Longer than 10m (>10m)
• Smaller than 10m (
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