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Posts tagged ‘Electric Bus Market’

Rising Concerns Regarding Air Pollution and Government Interventions Propelling Global Electric Bus Market

The global transportation industry, which is highly dependent on petroleum-based fuels at present, is a major source of air pollution. As the population around the world continues to rise, GDPs improve, and disposable incomes rise, the demand for a variety of automobiles will also escalate at an alarming rate. While it is good news for the automobile industry, and a plethora of secondary industries facilitating it, it has started posing serious threat to the health of humans and that of the environment. The WHO states that air pollution claims the lives of over 100,000 people every year, solely in Europe. Air pollution is also known to reduce life expectancy of a healthy human by an average of a year.

Considering the seriousness of the issue, several governments across the globe are working towards the formulation of effective solutions for curbing global air pollution. Major countries across the globe are adopting electric vehicles at a swift pace in order to curb the mounting pollution levels. If the trend continues in a wide scale it can change the face of the global automobile industry in the long run. The global market for electric buses, the electric variants of buses used mostly for public transportation, is gaining an increased level of popularity these days.

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Global Electric Bus Market will expand at a remarkable CAGR of 28.0% during the forecasting horizon from 2014 to 2020

New York City, New York, Jan 11, 2016: As per the latest market report published by Persistence Market Research, titled “Global Market Study on Electric Bus: Asia Pacific to Witness Highest Growth by 2020”, the global electric bus market is predicted to expand at a remarkable CAGR of 28.0% in the forecast period 2014 to 2020, to reach a sales volume of 33,854 units by 2020.

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Global Electric Bus Market: China Presenting Significant Growth Opportunities

The featured report from Persistence Market Research (PMR), titled “Global Market Study on Electric Bus: Asia Pacific to Witness Highest Growth by 2020”, delivers a 360-degree view of the market. According to the report, the global electric bus market will expand at a remarkable CAGR of 28.0% during the forecasting horizon from 2014 to 2020. By 2020, the global electric bus market is expected to record a volume of 33,854 units.

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Electric Bus Market – Global Industry Analysis and Forecast to 2020

Electric bus was first introduced globally in 1882 and is now gaining popularity due to increasing global concern on emissions. Buses are one of the most pollution emitting vehicles in a country which are mostly used as public transport. However there have been made several up-gradations in the engine technologies for evolve with the buses with least emission; however the increasing number of public transport due to the increasing population is raising the emission levels. The evolution and penetration of electric and hybrid and fuel cell buses in the global bus market has been observed to be the only solution for emission controls from public transport.

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Electric buses have several other benefits including quieter operation and less dependence on crude oil-led fuels. Additionally, electric buses are more economical than the petroleum and compressed natural gas (CNG) based buses. The operating cost of an electric bus in New York was between USD 0.2 cents-0.3 cents per mile in 2014 as compared to an equivalent diesel or CNG powered buses. The emission regulations from public transport in some Asian countries such as India are not much stricter due to which the customary diesel-powered vehicles are flourishing in the country.

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Electric Bus Market: Global Industry Analysis and Forecast to 2020

Electric bus was first introduced globally in 1882 and is now gaining popularity due to increasing global concern on emissions. Buses are one of the most pollution emitting vehicles in a country which are mostly used as public transport. However there have been made several up-gradations in the engine technologies for evolve with the buses with least emission; however the increasing number of public transport due to the increasing population is raising the emission levels. The evolution and penetration of electric and hybrid and fuel cell buses in the global bus market has been observed to be the only solution for emission controls from public transport.

Electric buses have several other benefits including quieter operation and less dependence on crude oil-led fuels. Additionally, electric buses are more economical than the petroleum and compressed natural gas (CNG) based buses. The operating cost of an electric bus in New York was between USD 0.2 cents-0.3 cents per mile in 2014 as compared to an equivalent diesel or CNG powered buses. The emission regulations from public transport in some Asian countries such as India are not much stricter due to which the customary diesel-powered vehicles are flourishing in the country.

Moreover, the weak power infrastructure in the country is further creating hurdles for the growth of electric buses in the Asian sub-continent. The change in government, which is inclined on cleanliness, may have some implication on the development of electricity-led public transportation in the coming years. However, the governments in developed countries are already prepared to include more numbers of electric buses in their public transport infrastructure. The U.S. department of transportation has recently announced the investment of USD 24.9 million to increase the number of zero-emission buses across America.

Complete report is available at Electric Bus Market

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