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Electric Bus Market Exceed to 704 thousand units by 2027 iCrowd Newswire According to the new market research report by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer Segment (Fleet Operators & Government), Range, Length of Bus, Power Output, Battery Capacity, Component, Battery type & Region , Published by MarketsandMarkets™, The global Electric Bus Market size is projected to grow from 81 thousand units in 2021 to reach 704 thousand units by 2027, at a CAGR of 43.1%. The growth of the Electric Bus Market can be attributed to the increasing focus of countries on electrification of their public transport fleets with subsidies and favourable regulations due to emission concerns. Advancements in battery pack technologies, declining battery prices, government support, huge subsidies along with tax exemptions, and innovations in electric powertrains are some of the major factors driving the growth of the electric bus and coach industry.

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