What is the Potential Demand for Electric Buses?

The concerns regarding the greenhouse gas emissions has been surging all across the globe. The increased use of vehicles has been causing air pollutions, and the levels now have risen alarmingly. Ascribed to this, governments of various countries are looking for ways to deal with the situation before it gets out of hands. This has led to the increasing adoption of electrical vehicles all over the world.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/electric-bus-market/report-sample

Up till now, the penetration of electric cars and electric two-wheelers has been high, however, these days the demand for electric buses is growing as well. According to a P&S Intelligence report, the global electric bus market is expected to reach 331,327 units by 2025, progressing at a 16.6% CAGR during the forecast period. Governments of various countries have become increasingly aware regarding the long-term benefits of electric buses. Moreover, countries are also focusing on cutting down their import bills of crude oil, which can be done by the adoption of electric vehicles.

Electric buses are of three types, namely hybrid electric bus, plug-in electric bus, and battery electric bus (BEB). Out of these, the demand for BEBs has been the highest up till now, and the situation is likely to be the same during the forecast period as well. The demand for these electric buses is growing due to the reduction in battery prices and the fact that they emit minimum levels of carbon. Lithium manganese cobalt oxide and lithium iron phosphate (LFP) are the major types of batteries that are utilized in electric buses.

Series hybrid powertrain has a simpler configuration is smaller in size as compared to the other variants. The Asia-Pacific region created the highest demand for these vehicles in the past and is further expected to emerge as a major electric bus market during the forecast period. In the region, China is creating the highest demand for these vehicles across the globe. This trend is predicted to continue in the near future due to the concentration of companies in the country.

In conclusion, the surging environmental concerns and awareness regarding long term benefits of electric bus are driving the market.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=electric-bus-market

The research offers the size of the global electric bus market for the period 2013–2025.
GLOBAL ELECTRIC BUS MARKET
• By Vehicle – Battery Electric Bus (BEB), Plug-In Hybrid Electric Bus (PHEB), and Hybrid Electric Bus (HEB)
• By Length – More Than 10 m and Less Than 10 m
• By Battery – Lithium–Iron–Phosphate (LFP), Lithium–Nickel–Manganese–Cobalt Oxide (NMC), and Others
• By End User – Public and Private
• By Region – Asia-Pacific (APAC), Europe, North America, and Rest of the World (RoW)
APAC ELECTRIC BUS MARKET
• By Vehicle
• By Length
• By Battery
• By Country – China, India, and Rest of APAC
EUROPE ELECTRIC BUS MARKET
• By Vehicle
• By Length
• By Battery
• By Country – U.K., Germany, Netherlands, Lithuania, Austria, Belgium, Poland, Sweden, Spain, France, and Rest of Europe
NORTH AMERICA ELECTRIC BUS MARKET
• By Vehicle
• By Length
• By Battery
• By Country – U.S. and Canada
RoW ELECTRIC BUS MARKET
• By Vehicle
• By Length
• By Battery
• By Country – Brazil and Others

This study covers
1. Historical and the present size of the Electric Bus Market
2. Future potential of the market through its forecast for the period 2020– 2025
3. Historical and the present size of the market segments and understand their comparative future potential
4. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings

P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.