Electric Bus Market, Trends, Size, Development and Demand Forecast to 2025

Pure electric buses require battery for their operation, while hybrid electric buses use conventional fuel, along with an electric propulsion system. Hybrid electric buses accumulate energy, when the bus decelerates. The power stored in batteries of hybrid electric buses is used for forceful tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle’s movement.

[b]Explore Full Market Research Report at:[/b] https://www.psmarketresearch.com/market-analysis/electric-bus-market

China accounted for the largest market share of electric bus, among the various countries in 2015. With newly built smart cities and modern infrastructure, China is giving significant attention to the emission free public transit system. The government of China offers subsidies on the purchase of emission free vehicles that has assisted the growth of the electric bus market in the country. China is expected to account for more than 50% share of the global electric bus market by the end of 2025. Currently, the average cost of controller is about $9,000 to $10,000, however by the end of 2025, the average price for controller is expected to increase by 10% to 20%.

[b]Browse Other Related Report at:[/b] https://www.psmarketresearch.com/industry-report/automotive-and-transportation

The regional electric bus players are expanding their market reach though organic expansion. BYD Company Limited has recently expanded its production base in Europe and North America. Solaris Bus and Coach S.A. launched articulated electric bus ‘Urbino 18’, in September 2014. EBUSCO launched EBUSCO 2.0, a new product under company’s electric bus portfolio in the same month in 2014. The major players operating in the global electric bus market include, Zhengzhou Yutong Group Co. Ltd., AB Volvo, Shenzhen Wuzhoulong Motors Co. Ltd., FAW Group Corporation, King Long United, Automotive Industry Co. Ltd., Daimler AG, Alexander Dennis Limited, EBUSCO, Ashok Leyland Ltd., Solaris Bus & Coach S.A., BYD Company Limited, and Proterra Inc.