Global Electric Bus Market

Electric Bus Market is expected to reach USD 400 Billion by the year 2024.

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An electric bus is fueled by electricity. Electric buses have the capacity of storing the power on a beam or can be consumed continuously from an external source. These buses are generally called the battery-electric buses, in which the electric motor gets energy from a beam of battery. Electric Bus Market is expected to reach USD 400 Billion by the year 2024.

The advantages of battery-electric buses offer zero-emission, quiet operation and better acceleration compared to traditional buses. Disadvantages of battery buses are having less range, higher weight, and higher procurement costs. Battery buses are utilized in urban areas rather than for long-distance transport. Urban transit features have comparatively short intervals between charging timeliness. Sufficient recharge can be done within 4 to 5 minutes (250 to 450 kW) usually by induction or catenary. Government incentives are also a key growth driver for the electric bus market. Climate change is a significant concern across the world; thus, it has been a nation's governments target to decrease the carbon emission to control air pollution. The electric bus will assist in transforming the city transport and shift from conventional energy to eco-friendly energy.