Backed by Favorable Government Policies, Electric Bus Sales to Climb in Future in U.S.

The U.S. electric bus market growth will be driven, by factors such as stringent emission norms in the country, environmental benefits of electric vehicles (EVs), favorable government policies to support EVs, long-term operational cost benefits offered by these buses to transit agencies, at a CAGR of 58.4% during the forecast period (2020–2024). The market generated $469.3 million revenue in 2019 and it is projected to reach $2,675.1 million by 2024. Moreover, the declining cost and rising efficiency of automobile batteries will facilitate market growth in the foreseeable future. Request to Get the Sample Report Moreover, environmental advantage of these vehicles is the strongest driver of the market. The U.S. is the second-largest emitter of carbon after China and the Environmental Protection Agency (EPA) states that transportation sector of the country emits a considerable amount of carbon. To mitigate this critical issue, federal and state governments is encouraging fleet owners and...