Electric & Hybrid Electric Buses Demand to Grow at 17% Till 2021: TechSci Research Report
Growing demand for zero emission vehicles and implementation of favorable government policies to drive growth in global electric & hybrid electric bus market through 2021
According to TechSci Research report, “Global Electric & Hybrid Electric Buses Market, By Vehicle Type, By Technology, Competition Forecast and Opportunities, 2011-2021,” global market for electric & hybrid electric buses offers huge growth potential. Major global economies such as the US, Canada, UK, Germany, France, China, etc., have already deployed a huge number of new buses with electric and hybrid fuel systems. Major factors driving global electric & hybrid electric buses market include rising pollution concerns, rapid developments in transportation sector, coupled with governments across various countries launching initiatives to switch from clean energy buses comprising CNG/LPG buses to zero emission buses. Over the next five years, developed economies offer tremendous potential for incorporation of these high priced electric & hybrid electric buses in their transportation networks.
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