Europe Electric Bus Market Report 2023-2028: Size, Share, Trends, Analysis & Research
The Europe electric bus market is expected to exhibit a growth rate (CAGR) of 16.4% during 2023-2028. The rising environmental concerns, stringent regulations for reducing carbon dioxide (CO2) emissions, and expansion of charging infrastructure represent some of the key factors driving the market.
The Europe electric bus market is expected to exhibit a growth rate (CAGR) of 16.4% during 2023-2028. The rising environmental concerns, stringent regulations for reducing carbon dioxide (CO2) emissions, and expansion of charging infrastructure represent some of the key factors driving the market.
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Report Description and Highlights
Report Description
Europe Electric Bus Market Trends:
The market is primarily driven by the rising awareness regarding the effects of air pollution on the
environment and human health. In addition, the surging need for electrified transit systems and ecofriendly
alternatives to internal combustion engine (ICE) buses due to the inflating costs of fossil fuels is
contributing to the market growth.
Moreover, the European government is implementing intense emissions policies to help cities and
communities with electric buses as a zero-emission solution to meet environmental objectives without
compromising transportation infrastructure, which acts as another major growth-inducing factor.
Furthermore, various innovations by key market players, including the launch of new, autonomous
pantograph chargers that allow faster charging, are also creating a positive market outlook.
Other factors, including the growing population, rising urbanization, and increasing adoption of electric
buses in educational institutions, are accelerating the product adoption rate across the region.
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