Electric Bus Market Size Will Grow at 28% CAGR by 2020
The global electric bus market is thriving mainly due to growing environmental concerns of the public and various governments. However, among developing countries, China is the only country taking concrete steps to curb vehicular pollution with the introduction of large number of electric buses. A high cost of electric buses is a key barrier for this industry. However, unstable crude oil prices and increasing focus of the transit agencies on minimizing operational costs are expected to lower the impact of...
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