Dallas, Texas (PRWEB) February 28, 2014
The main trend witnessed by the Global Electric Bus market is the high demand for electric buses in China. Although the electric bus concept is a relatively new one, it is witnessing strong growth in China, for example in cities such as Xi'an and Shenzhen. China is also a manufacturing hub for electric buses, with vendors such as BYD and Zhongtong. Hence, the strong demand for these buses in the market, coupled with a consistent supply, is leading to wide adoption in the country.
Analysts forecast the Global Electric Bus market (http://www.reportsnreports.com/reports/275175-global-electric-bus-market-2014-2018-.html) to grow at a CAGR of 16.26 percent over the period 2013-2018. According to the report, the main factor driving the Global Electric Bus market is the improved overall performance of electric buses. Electric vehicles are known to be eco-friendly. When this factor is coupled with improved performance, it is a major driving force for their adoption.
Further, the report states that the main challenge faced by the Global Electric Bus market is the limited market penetration of electric buses across the globe. Electric buses are currently being used only in some developed cities in a few countries.
The report recognizes the following companies as the key players in the Global Electric Bus Market: BYD Motor Corp., Proterra Inc., Volvo AG, Zhongtong Bus & Holding Co. Ltd., Anhui Ankai Automobile Co., Daimler AG, New Flyer Industries, Ryobi Bus, Toyota Motor Corp., Wright Group, and Yutong Group
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Other vendors mentioned in the report are Anhui Ankai Automobile Co., Daimler AG, New Flyer Industries, Ryobi Bus, Toyota Motor Corp., Wright Group, and Yutong Group.
Analysts forecast the Global Electric Taxi market to grow at a CAGR of 33.98 percent over the period 2013-2018. One of the key factors contributing to this market growth is the cost-efficiency of electric vehicles. The Global Electric Taxi market has also been witnessing the high demand for low-cost electric taxis. However, the limited range of electric vehicles could pose a challenge to the growth of this market.
The Global Electric Taxi Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Electric Taxi market (http://www.reportsnreports.com/reports/274809-global-electric-taxi-market-2014-2018.html) landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are BYD Motor Corp., Chery Automobile Co. Ltd., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., and Tesla Motors Inc.
Other vendors mentioned in the report are BMW AG, Fiat Group, General Motors Co., Honda Motor Co. Ltd., Mitsubishi Motor Corp., Toyota Motor Corp., and Volkswagen Group.
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