The North American Electric Bus market is anticipated to grow with a significant CAGR during the forecast period (2019-2025). Increasing consciousness of automobile emissions, lower running, and maintenance costs, as well as rising government measures to promote the use of electric vehicles, are the major factors that are expected to play a chief role in contributing to the growth of the North American electric bus market.
The government of the US and Canada both are taking initiatives to increase the adoption rate of electric buses in the country. For instance, in January 2021, the US government has announced that it will replace its entire fleet of 645,000 cars and trucks with US-made electric vehicles. The government is aiming to promote Made in America electric vehicles. Further, through this development, the government is also aiming to persuade citizens in opting for electric cars by launching such initiatives.
Browse the full report description of "North American Electric Bus Market Size, Share & Trends Analysis Report By Bus Type (Hybrid Electric Bus, Fuel Cell Electric Bus,and Battery Electric Bus), By Battery Type (NiMH, Li-ion, and Others), By End-User (Government andFleet Owner), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/north-american-electric-bus-market
Further, new development and rising competition in the EV industry is also expected to drive the North American electric bus market. For instance, in September 2020, BYD Canada announced that it will put into service 10 zero-emission, 40-foot K9M battery-electric by the Toronto Transit Commission (TTC), in Toronto, Canada. Further, the company also announced that in the coming years, it will increase the electric bus fleet size, which is expected to drive the electric bus market in the region.
Market Coverage
Key Questions Addressed by the Report
North America Electric Bus Market Report Segments
By Bus Type
By Battery Type
By End-User
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