Press release
Latin America Electric Bus Market Size 2025: Global Share, Industry And Report Analysis By 2031 | Higer Bus Co. Ltd. Sunwin Bus Corp. Wuzhoulong Motors
Latin America Electric Bus Market
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In Latin America, Costa Rica had passed a Law 9518 in 2017 to promote and provide incentives for electric transport. In addition, the law grants tax incentives to several modes of transport such as cars, buses, two-wheelers for the public, private and institutional fleets. It established mandates for the state to electrify at least 5% of the bus fleet every two years. The law was followed by the announcement in February 2019 of the "National Decarbonization Plan 2018-2050 that aims to become a fully decarbonized country by 2050. As part of the plan, buses and taxi fleets are expected to become fully electric by 2050. Moreover, between the period of 2018-2019, two important Latin American cities Chile and Colombian had ordered 200 & 64 electric buses from China respectively.
full report of Latin America Electric Bus Market available @ https://www.omrglobal.com/industry-reports/latin-america-electric-bus-market
• Market Coverage
• Market number available for - 2025-2031
• Base year- 2025
• Forecast period- 2025-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Market Segmentation
Latin America Electric Bus Market by Bus Type
o Hybrid Electric Bus
o Fuel Cell Electric Bus
o Battery Electric Bus
North America Electric Bus Market by Battery Type
o Lithium-ion batteries
o NiMH Batteries
o Others
Latin America Electric Bus Market by End-User
o Government
o Fleet Owner
Company Profiles
o BYD co. Ltd.
o Higer Bus Co. Ltd.
o Sunwin Bus Corp.
o Wuzhoulong Motors
o Xiamen King Long United Automotive Industry, Co. Ltd.
o Zhengzhou Yutong Bus Co., Ltd.
o Zhongtong Bus Holding Co., Ltd.
The Report Covers
• Comprehensive research methodology of the Latin America Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Latin America Electric Bus market.
• Insights about market determinants which are stimulating the Latin America Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
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