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Latin America Electric Bus Market Growth, Size, Share, Industry Report and Forecast 2019-2025

May 8th 2020 at 11:36 PM

Latin America Electric Busmarket is estimated to grow at a considerable CAGR during the forecast period. The growing adoption of the electric buses in the region owing to cohesive government subsidies, partnerships between transit authorities and utilities, and the presence of favorable business models are the key factors to drive the growth of the Latin America electric bus market. Bus rapid transit (BRT) systems are the major form of public transportation across Latin America. The Zero-Emission Bus Rapid Deployment Accelerator (ZEBRA), an arm of C40 cities is working with a number of municipalities in Latin America including Mexico City, Medellin, and Sao Paulo to secure $1 billion for the transition of fuel transit to zero-emission buses.

Request a Free Sample of our Latin America Electric Bus Market: https://www.omrglobal.com/request-sample/latin-america-electric-bus-market

In Latin America, Costa Rica had passed a Law 9518 in 2017 to promote and provide incentives for electric transport. In addition, the law grants tax incentives to several modes of transport such as cars, buses, two-wheelers for the public, private and institutional fleets. It established mandates for the state to electrify at least 5% of the bus fleet every two years. The law was followed by the announcement in February 2019 of the “National Decarbonization Plan 2018-2050 that aims to become a fully decarbonized country by 2050. As part of the plan, buses and taxi fleets are expected to become fully electric by 2050. Moreover, between the period of 2018-2019, two important Latin American cities Chile and Colombian had ordered 200 & 64 electric buses from China respectively.

A full Report of Latin America Electric Bus Market is Available at: https://www.omrglobal.com/industry-reports/latin-america-electric-bus-market

The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the end-user, the market is segmented into government and fleet owners.

Latin America Electric Bus Market Segmentation

By Bus Type

· Hybrid Electric Bus

· Fuel Cell Electric Bus

· Battery  Electric Bus

By Battery Type

· Lithium-ion batteries

· NiMH Batteries

· Others

By End-User

· Government

· Fleet Owner

Company Profiles

· BYD co. Ltd.

· Higer Bus Co. Ltd.

· Sunwin Bus Corp.

· Wuzhoulong Motors

· Xiamen King Long United Automotive Industry, Co. Ltd.

· Zhengzhou Yutong Bus Co., Ltd.

· Zhongtong Bus Holding Co., Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/latin-america-electric-bus-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit Orion Market Research

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +1 646-755-7667, +91 7803040404

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