Future Of Global Electric Bus Market Growth: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Electric buses can store electricity either on board or can be consumed unceasingly from an external source (i.e. overhead wires, as in the trolleybus, or with non-contact conductors exist on the ground). A bus that stores power are majorly known as battery-electric buses, in which the electric motor takes energy from an on-board battery, although instances of additional storage modes do exist, like the gyro that uses flywheel energy storage. According to the study,’ Global Electric Bus Market to reach USD XXX billion by 2026’ The global electric bus market is dominated by major players such as Volvo Group, Daimler AG, Iveco Bus, Anhui Ankai Automobile Co. Ltd, BYD Co. Ltd., New Flyer Industries, Proterra Inc., Ryobi Bus, Scannia AB, and Zhengzhou Yutong Bus Co. Ltd. These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain its market position. For instance, in India, the National Electric Mobility Mission Plan 2020 is released with the aim to accelerate the growth of the electric and hybrid components of the automotive industry. It primarily emphasizes fast tracing the production and introduction of electric vehicles in India. Similarly, in 2017, the Government of China paid over an average of USD 10,000 per electric vehicle. This factor would contribute to the rising demand for electric buses around the world. However, the outbreak of COVID-19 pandemic across the globe has a swift and severe impact on every single sector including the automotive industry. Government-issued strict guidelines on the movement of public, goods & services, due to which automobile companies cannot produce vehicles. As a result, the production of electric buses has substantially declined and affected the topline of electric bus manufacturers thereby, impacting the market growth in recent years. In addition, the high manufacturing cost is being always considered as the major limiting factor to the market growth over the forecast period of 2020-2026. The regional analysis of the global Electric Bus market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increased government funding to accelerate the production of electric buses, along with the presence of a significant number of OEMs such as BYD, Yutong, etc. in the countries, particularly China and India. Whereas, Asia-Pacific is also projected to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the rapidly growing electric vehicle (EV) charging infrastructure in the region. Vehicle emissions are extensively liable for discharging 29% of ozone-depleting substances that bring about air pollution and are dangerous for the atmosphere. The consumption of unrefined petroleum and rising fuel costs have brought about an ascent in fame and demand vehicles that are less harmful to nature and utilize energy. This has additionally prompted an expansion in the adoption of this type of bus to set the reliance on petroleum fuels. Increasing demand for the hydrogen fuel cell bus, rising focus on emission-free and energy-efficient mass transit solutions, and growing government initiatives for stimulation the adoption of electric bus are the few factors responsible for the high CAGR of the market over the forecast period. For More Information on the Research Report, refer to below links: – Future Of Global Electric Bus Market Related Report:- Global Battery Electric Bus Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Asia Pacific Electric Bus Market, Brazil Electric Bus Market, BYD Electric Bus Market Sales Growth, Canada Electric Bus Market, China Electric Bus Market, Europe Electric Bus Market, Germany Electric Bus Market, Global Electric Bus Industry, Global Electric Bus Industry Research Report, Global Electric Bus Market, Global Electric Bus Market Analysis, Global Electric Bus Market Forecast, Global Electric Bus Market Future Outlook, Global Electric Bus Market Growth Rate, Global Electric Bus Market Major Players, Global Electric Bus Market Research Report, Global Electric Bus Market Revenue, Global Electric Bus Market Share, Global Electric Bus Market Size, India Electric Bus Market, Japan Electric Bus Market, Latin America Electric Bus Market, Mexico Electric Bus Market, New Flyer Industries Electric Bus Market Share, Proterra Electric Bus Market Sales Revenue, Scannia Electric Bus Market Research Report, UK Electric Bus Market, USA Electric Bus Market, Volvo Group Electric Bus Market Analysis, Zhengzhou Yutong Electric Bus Market Size