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North American Electric Bus Market To Hit USD 850 Mn By 2027. The rising focus on the reduction of harmful emissions from transportation sector will foster North America electric bus market forecast in the coming years. The regional governments are bringing out favorable initiatives in the form of tax benefits and feed-in tariffs to encourage companies to develop technologies that produce electric buses.
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North American Electric Bus Market is predicted to witness over 18% CAGR by 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
North American Electric Bus Market To Hit USD 850 Mn By 2027. The rising focus on the reduction of harmful emissions from transportation sector will foster North America electric bus market forecast in the coming years. The regional governments are bringing out favorable initiatives in the form of tax benefits and feed-in tariffs to encourage companies to develop technologies that produce electric buses. • The technologies used in the regional transportation sector are undergoing some incredible transformations to help develop advanced electric buses. North America is also seeing a steady rise in tourism activities, which will help increase the production of electric buses that will be useful for long-distance transportation. • Governments in the U.S. and Canada are chalking out plans to create advanced charging infrastructure across the region. In June 2021, the Federal Transit Administration (FTA), which comes under the U.S. Department of Transportation, allocated nearly $182 million in the form of grants. These grants will be used in 49 electric bus projects across 46 states. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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The Low-No Program by the FTA will help transportation agencies in leasing out or purchasing electric & hydrogen buses and other vehicles that use green fuels and technologies. All these plans are aimed at supporting the U.S. government’s goal to reduce the overall emission rates by 50% by 2030. • North America market share from all-electric buses will grow at a significant rate in the future. The regional government is increasing its focus on developing innovative charging infrastructure for a wide range of electric vehicles. The main focus of the regional authorities is on reducing the carbon footprint of different sectors. Along with the implementation of strict rules regarding the permissible emission rates for each sector in the region, the administration is heavily investing in green technologies like all-electric buses to support their production and sales. • Electric buses with 70+ seating capacity will gain momentum across North America up to 2027. These buses have large and space-efficient interiors. They can be used for both intercity and intracity travels and have a wide range of benefits. They include wide-angle views, high luggage capacity for long-distance journeys, expansive floor design, and comfortable seats. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Segments of North America Electric Bus Market; • North America Market, By Type • All-Electric • PHEV • FCEV • North America Market,By Battery Capacity • Below 100 kWh • 100-300 kWh • Above 300 kWh • North America Market, By Seating Capacity • Below 40 seats • 40-70 seats • Above 70 seats ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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