Pune, India, July 18, 2022 (GLOBE NEWSWIRE) — The global electric bus market is set to gain impetus from the surging fuel costs and higher usage of unrefined petroleum. These have further propelled the adoption of electricity to develop environmentally friendly buses. In April 2021, for instance, the Cherokee Nation introduced its first eco-friendly electric buses for transporting tribal citizens and employees to tribal health centres and workplaces. This information is given by Fortune Business Insights™ in a report, titled, “Electric Bus Market, 2021-2028.” As per the report, the electric bus market size was 170 thousand units in 2020. It is projected to grow from 192 thousand units in 2021 to 544 thousand units in 2028 at a CAGR of 16.0% in the forecast period.
Key Players Focus on Unveiling State-of-the-art Buses to Fulfill Demand of People
The market contains various prominent e-bus manufacturers that are currently striving to maintain their leading positions. Most of them are focusing on launching novel buses to cater to the high demand from people. A few others are joining hands with government bodies to introduce their buses. Below is a notable industry development:
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Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast Period 2021 to 2028 CAGR | 16.0% |
| 2028 Value Projection |
