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COVID-19: Responding to the business impacts of Electric Bus Market Boosting the Growth Worldwide: Electric Bus Market Dynamics and Trends, Efficiencies Forecast 2026

Electric Bus Market report 2018, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Electric Bus Market research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Electric Bus Market is based on company profiles and their efforts on increasing product value and production.

This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

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The report analyzes the market of Electric Bus by main manufactures and geographic regions. The report includes Electric Bus definitions, classifications, applications, and industry chain structure, development trends, competitive landscape analysis, and key regions development and market status.

COVID-19 Impact on Electric Bus Market

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Electric Bus market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Electric Bus market is analyzed and depicted in the report.

By Market Players:

There are three main categories of electric buses, namely, pure electric, hybrid electric, and plug-in hybrid electric. Pure electric buses use batteries for their operations, while hybrid electric buses use conventional fuel and electric propulsion systems. Plug-in hybrid buses have similar functionality as hybrid electric buses. However, hybrid electric buses store energy when the bus decelerates, whereas plug-in hybrid buses require an external plug-in power source for charging. Power generated in hybrid electric buses is used for high intensity tasks such as accelerating from standstill. The combustion engine later boosts the vehicle’s movement and also recharges the battery.

Unstable fuel prices and depleting crude oil reserves are influencing transport departments and transit agencies globally to increase the number of alternate and new energy vehicles. Some of the transit agencies in developed countries are considering long-term benefits as opposed to short-term costs while purchasing buses. Electric buses require high initial investment. However, their operational cost is significantly low as compared to that of conventional buses as electricity is cheaper than diesel.

Electric bus manufacturing is a capital intensive market. Most large automotive companies have not forayed into the market as it is in the nascent phase. Funding from external investors is one of the key reasons for the growth of electric bus market. For instance, venture capitalists such as Kleiner Perkins Caufield & Byers and General Motors Ventures LLC invested USD 30.0 million in Proterra Inc., an electric bus manufacturing company based in the U.S., in June 2014. Moreover, the company raised over USD 120 million from private equity funding since 2011. 

China has been crusading towards its goal of pollution free transportation environment under which it has been focusing on increasing the number of electric vehicles in the country. The government is encouraging the purchase of electric buses in several other ways.

Reasons to Purchase This Report:

Market analysis for the global Electric Bus Market, with region-specific assessments and competition analysis on a global and regional scale.

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Which textile, raw material, and application is expected to dominate the market

Which country is expected to witness the fastest growth during the forecast period?

Identify the latest developments, market shares and strategies employed by the major market players.

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The key insights of the Electric Bus market report:

  1. The report provides key statistics on the market status of the Electric Bus manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  2. The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
  3. The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
  4. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
  5. The report estimates 2018-2024 market development trends of Electric Bus industry.
  6. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
  7. The report makes some important proposals for a new project of Electric Bus Industry before evaluating its feasibility.