China Electric Bus Market Size and Growth: USD 35 Billion, [9.7%] CAGR Forecast
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- Location: Cologne
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China Electric Bus Market Report: Analysis, Key Players, and Market Growth Projections with [9.7%] CAGR. Get a Free Sample for insights.
The China electric bus market has experienced significant growth in recent years, driven by government policies, advancements in battery technology, and increased environmental awareness. According to a TechSci Research report, the market stood at USD 35 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2028.
The push for sustainable urban transport, coupled with China’s ambition to reduce carbon emissions, has positioned electric buses as a key component of the country’s green mobility strategy. With the rising demand for eco-friendly transportation, China continues to lead global efforts in developing and adopting electric buses at an unprecedented scale.
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