U.S. Electric Bus Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence - PowerPoint PPT Presentation

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U.S. Electric Bus Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence

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According to the market research report published by P&S Intelligence, U.S. electric bus market size is projected to reach $1,948.5 million by 2024, registering a CAGR of 18.5% during the forecast period. – PowerPoint PPT presentation

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Date added: 15 September 2020
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Title: U.S. Electric Bus Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence


1
U.S. Electric Bus Market Analysis, Competitive
Share and Growth Forecast to 2024
According to the market research report published
by PS Intelligence, U.S. electric bus market
size is projected to reach 1,948.5 million by
2024, registering a CAGR of 18.5 during the
forecast period. The growth of the market is
primarily driven by several federal, regional,
and state grants and incentive programs. In
addition, low cost of ownership, coupled with low
maintenance cost of electric bus, specially
battery electric bus (BEB) is expected to benefit
the market during the forecast period. Request to
get the sample pages of the report
https//www.psmarketresearch.com/market-analysis/u
s-electric-bus-market/report-sample BEBs are
currently available in two generalized models a
short-range bus with a smaller onboard battery
that requires more frequent, on-route charging
and an extended range bus with a larger on-board
battery that is designed to charge more slowly
overnight (depot charge BEB). While many of the
early buses deployed were on-route charge buses,
the most recent orders are for depot charge
buses, as they have more similar operational
characteristics to a diesel bus. As battery
technology improves, so do depot charge bus
ranges, enabling longer route coverage. According
to the National Transit Database, nearly 38 of
the nation's active diesel buses were
manufactured prior to 2007 (the year in which
more stringent diesel standards went into
effect). An additional around 10.5 of the buses
in fleet, were manufactured between 2007 and
2010, and have not been rebuilt, so they may not
meet current standards for nitrogen oxide and
hydrocarbon pollution. Make enquiry before buying
the report https//www.psmarketresearch.com/send-
enquiry?enquiry-urlus-electric-bus-market The
U.S. electric bus market is still in its nascent
phase, with the presence of few major players.
Some of the major BEB manufacturers in the market
are Proterra Inc., BYD Motors Inc., and NFI Group
Inc. NFI Group Inc. and Gillig LLC are the two
major HEB manufacturers. Other key players
operating in the market include Blue Bird
Corporation, Nova Bus Corporation, ELDORADO
NATIONAL-CALIFORNIA Inc., and The Lion Electric
Co.
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