Electric Bus Market in U.S. to Boom in Coming Years, says P&S Intelligence

NEW YORK, Oct. 19, 2020 /PRNewswire/ -- According to the market research report published by P&S Intelligence. U.S. electric bus market is predicted to grow to $1,554.5 million by 2024 from, witnessing a CAGR of 23.9% during 2019–2024. Some of the prominent policies under which the state governments have been offered grants for purchasing such automobiles are the Low or No Emission Grant, Urbanized Area Formula Funding program, School Bus Rebate program, and Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grant program.

Get the sample copy of this report at: https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample

Battery electric buses are registering faster growth in demand across the country, primarily due to the support of federal and state governments (in form of subsidies and grants) for the adoption of zero-emission buses. Furthermore, plug-in hybrids may not play any significant role in the near future in the U.S. electric bus market, mainly due to their manufacturing complexity, high cost, and tailpipe emissions.

Electric buses with length more than 40 feet are expected to remain the larger category in the market during 2019–2024. This is primarily due to the difference in fuel mileage in diesel hybrid and diesel buses, which favors hybrid technology for longer articulated buses.

Browse report overview with detailed TOC on U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length (> 40 feet, < 40 feet), by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) – Market Size, Share, Development, Growth, and Demand Forecast, 2015–2024 @ https://www.psmarketresearch.com/market-analysis/us-electric-bus-market

Electric buses that run on lithium-ion batteries are gaining popularity and witnessing considerable growth in demand in the U.S. electric bus market. Lithium-ion batteries are safer than other batteries in the market and are, therefore, more preferred for large-sized electric buses. Furthermore, falling prices of these batteries, coupled with their advantages such as lower maintenance cost, smaller size, lighter weight, higher energy density, and lower self-discharge over nickel–metal hydride batteries, are supporting the market growth in this category.

During the forecast period, inductive charging is expected to be the fastest-growing category in the U.S. electric bus market, as it facilitates faster charging, thus reducing the range anxiety of operators. Owning to this factor, several charging system manufacturers are collaborating with electric bus makers and public transit authorities to boost the adoption of these systems in the country.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=us-electric-bus-market

Market Size Breakdown of Electric Bus in the U.S.

Based on Vehicle Type

• Battery Electric Bus (BEB)
• Plug-In Hybrid Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)

Based on Length

• >40 Feet
• <40 Feet

Based on Battery

• Li-Ion
• NiMH
• Others

Based on Charging Type

• Plug-In
• Pantograph
• Inductive

Browse More Reports

Electric Bus Market - https://www.psmarketresearch.com/market-analysis/electric-bus-market

Europe Electric Bus Market - https://www.psmarketresearch.com/market-analysis/europe-electric-bus-market

India Electric Bus Market - https://www.psmarketresearch.com/market-analysis/india-electric-bus-market

China Electric Bus Market - https://www.psmarketresearch.com/market-analysis/china-electric-bus-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com

View original content:http://www.prnewswire.com/news-releases/electric-bus-market-in-us-to-boom-in-coming-years-says-ps-intelligence-301154713.html

SOURCE P&S Intelligence