Electric Bus Market Witnesses High Growth owing to Focus on Emission Reduction
The electric bus market has gained significant traction in recent years due to the growing need for public transportation and focus on reducing emissions. Electric buses are equipped with electric powertrains which enable them to operate on electricity. They provide various advantages over traditionally used diesel or CNG buses such as lower operating costs, zero tailpipe emissions, and reduced maintenance over the lifespan of the vehicle. The silent operation of electric buses also enhances commuting experience.
Electric Bus Market is estimated to be valued at US$ 36.98 billion in 2024 and is expected to exhibit a CAGR of 16.5% over the forecast period 2024 to 2031.
Get More Insights On Electric Bus Market
https://www.newsstatix.com...
The electric bus market has gained significant traction in recent years due to the growing need for public transportation and focus on reducing emissions. Electric buses are equipped with electric powertrains which enable them to operate on electricity. They provide various advantages over traditionally used diesel or CNG buses such as lower operating costs, zero tailpipe emissions, and reduced maintenance over the lifespan of the vehicle. The silent operation of electric buses also enhances commuting experience.
Electric Bus Market is estimated to be valued at US$ 36.98 billion in 2024 and is expected to exhibit a CAGR of 16.5% over the forecast period 2024 to 2031.
Get More Insights On Electric Bus Market
https://www.newsstatix.com...
07:03 AM - Aug 19, 2024 (UTC)
