Europe Electric Bus Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Marketing Manager

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Europe Electric Bus Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Europe Electric Bus Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028

," the Europe electric bus market is expected to exhibit a growth rate (CAGR) of 16.4% during 20232028.

An electric bus is a bus that is propelled using a zero-emissions electricity source. It can be fed continuously from an external source. Its electricity source is ground-based non-contact conductors, hydrogen-fuel cells, onboard batteries, or overhead wires.

It has fewer regular maintenance costs and offers a smooth ride to the users. It is considered to be a next-generation transportation mode as its lifespan is longer. It is gradually emerging as a sustainable mode of transportation and gaining widespread traction across Europe.

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Europe Electric Bus Market Trends:

The market in Europe is majorly driven by the increasing sales of electric buses due to an enhanced focus on sustainable development. In line with this, the rising focus on the electrification of mass transit solutions is significantly contributing to the market. Furthermore, the increasing demand for emissionfree public transport and favorable government policies are positively influencing the market. Apart from this, various governments across the European region are undertaking initiatives to make their public transport more sustainable and fuel efficient. This, in turn, is expected to create a positive outlook for the market. Moreover, the growing environmental concerns among the masses are catalyzing the market.

Besides, numerous key players are focusing on developing hydrogen fuel cell-powered electric buses, which is projected to create numerous growth opportunities in the market. In addition, the rising investments by battery manufacturers to manufacture cost-effective, technologically advanced batteries are expected to propel the demand for electric buses. The prominent players are also investing in research and development activities to develop and integrate new technologies in electric buses. For instance, the integration of Artificial Intelligence (AI) is anticipated to enhance operational efficiency and safety while lowering carbon emissions, thus boosting the market growth.

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Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

Propulsion Type Insights:

• Battery Electric Vehicle (BEV)

• Fuel Cell Electric Vehicle (FCEV)

• Plug-in Hybrid Electric Vehicle (PHEV)

Battery Type Insights:

• Lithium-ion Battery

• Nickel-Metal Hydride Battery (NiMH)

• Others

Length Insights:

• Less than 9 Meters

• 9-14 Meters

• Above 14 Meters

Range Insights:

Report Description Report Description and Highlights

• Less than 200 Miles

• More than 200 Miles

Battery Capacity Insights:

• Up to 400 kWh

• Above 400 kWh

Country Insights:

• Germany

• France

• United Kingdom

• Italy

• Spain

• Others

1. What is the expected growth rate of the Europe electric bus market during 2023-2028?

2. What are the key factors driving the Europe electric bus market?

3. What has been the impact of COVID-19 on the Europe electric bus market?

4. What is the breakup of the Europe electric bus market based on the propulsion type?

5. What is the breakup of the Europe electric bus market based on the battery type?

6. What is the breakup of the Europe electric bus market based on the length?

7. What is the breakup of the Europe electric bus market based on the range?

8. What is the breakup of the Europe electric bus market based on the battery capacity?

9. What are the key regions in the Europe electric bus market?

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Report Description Report Description and Highlights

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