The Electric Bus Market Size was valued at USD 26.66 billion in 2022 and is expected to reach USD 70.89 billion by 2030 and grow at a CAGR of 13% over the forecast period 2023-2030.
The Electric Bus market is steering the future of urban transportation towards sustainability and cleaner air. As cities grapple with environmental concerns and seek greener alternatives, electric buses have emerged as a promising solution. With zero-emission electric propulsion, these buses contribute significantly to reducing air pollution and greenhouse gas emissions in urban areas. The market is witnessing a surge in demand driven by the integration of advanced battery technologies, longer ranges, and the development of efficient charging infrastructure. As public transit agencies worldwide embrace the electric revolution, the Electric Bus market is not just transforming the way people move within cities but is also playing a pivotal role in fostering a more environmentally conscious and sustainable urban mobility ecosystem.
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