Electric and Hybrid Electric Buses Market Research Report with Major New Feature by 2023

The electric & hybrid electric buses market is subject to witness a substantial growth due to the rapid technological advancement in automotive sector and favorable initiative to promote electrical vehicles in the market. Growing concerns regarding exponential rise in air pollution, and shifting preference towards zero emission vehicles from clean energy vehicles (CNG buses) are expected to drive the growth of the market over the forecast period. Globally, electric & hybrid electric bus market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of electric & hybrid electric buses.

Swift decline in cost of automobile batteries and development of new energy batteries are projected to limit manufacturing cost of electric & hybrid electric buses, thus fostering market growth. Several manufactures are developing electric & hybrid electric buses as per regional demands, such as roads condition, affordability and country’s requirements. Rising investment by local government to strengthen public transportation and to curb air pollution levels, are positively affecting market demand for electric & hybrid electric buses.

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A hybrid electric bus combines a conventional internal combustion engine propulsion system with an electric propulsion system. These type of buses normally use a Diesel-electric powertrain and are also known as hybrid Diesel-electric buses. The introduction of hybrid electric vehicles and other green vehicles for purposes of public transport forms a part of sustainable transport schemes.

The electric & hybrid electric bus market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in the recent years owing to the rise in implementation of latest technologies in automotive sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.

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Market Segment:

Global Electric & Hybrid Electric Buses market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Aktiebolaget Volvo

• Alexander Dennis Limited

• Anhui Ankai Automobile Co., Ltd.

• BYD Company Limited

• Daimler AG

• Ebusco B.V.

• GreenPower Motor Company Inc.

• Heilongjiang Longhua Automobile Co., Ltd.

Key Regions Including

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Table of Contents:

1 Report Overview

2 Product Type Market

3 Product Application Market

4 Manufacturers Profiles/Analysis

5 Market Performance for Manufacturers

6 Regions Market Performance for Manufacturers

7 World Market Performance Point

8 Development Trend for Regions and Countries (Sales Point)

9 Upstream Source, Technology and Cost

10 Channel Analysis

11 Consumer Analysis

12 Market Forecast

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