Rising Need for Eco-Friendly Vehicles Driving Demand for Electric Buses
The transportation industry is one of the major contributors towards the surging air pollution levels across the globe. Conventional vehicles run on diesel and petroleum that emit carbon dioxide on burning, which, in turn, has caused global warming. In addition to this, the availability of fossil fuels is decreasing rapidly, owing to which, the need for utilizing alternate sources for producing energy is increasing day by day. It is because of all these factors that the adoption of electric vehicles has increased significantly over the past few years. People becoming aware regarding the deterioration of environment and hence are opting of eco-friendly mobility options. Furthermore, governments of various countries are also focusing on electrifying public transport systems, owing to which, the demand for electric buses has been increasing rapidly across the world. According to a report by P&S Intelligence, the global electric bus market is expected to reach to 331,327 units by ...