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We expect the Europe electric bus market to exhibit a CAGR of 18.60% during 2022-2027.
In Europe, the growing advancements in transportation infrastructure, along with the widespread demand for electrified transit systems and eco-friendly public transports, such as electric buses, are primarily driving the Europe electric bus market.
The sudden outbreak of the COVID-19 pandemic had led to the temporary restrictions on public transports, such as electric bus across several nations of Europe, resulting in the rapid shift towards private vehicles to combat the risk of the coronavirus infection.
Based on the propulsion type, the Europe electric bus market can be segmented into Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), and Plug-in Hybrid Electric Vehicle (PHEV). Currently, Battery Electric Vehicle (BEV) holds the majority of the total market share.
Based on the battery type, the Europe electric bus market has been divided into lithium-ion battery, Nickel-Metal Hydride Battery (NiMH), and others, where lithium-ion battery exhibits a clear dominance in the market.
Based on the length, the Europe electric bus market can be categorized into less than 9 meters, 9-14 meters, and above 14 meters. Among these, 9-14 meters account for the majority of the total market share.
Based on the range, the Europe electric bus market has been segregated into less than 200 miles and more than 200 miles, where less than 200 miles hold largest market share.
Based on the battery capacity, the Europe electric bus market can be bifurcated into up to 400 kWh and above 400 kWh. Currently, up to 400 kWh exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe electric bus market.
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