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Electric Avenue: Trends and Analysis of the Global Electric Bus Market

The global electric bus market is basically driven by the ever-increasing emphasis of economies on promotion of electrifying mass transit solutions coupled with governments’ support. The other factors to ponder about are depleting reserves of crude oil and increase in air pollution at an alarming rate. As such, hybrid and electric vehicles are being preferred by end-users throughout the world. Though the initial funding is high, it eventually proves to be profitable due to low operational cost. Increase in awareness on this count is bound to fuel the market growth going forward.

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With emerging technological advancements, government of various developing and developed countries are striving to curb the issue of pollution. While pollution can be categorized in different forms, however, air pollution has been omnipresent gradually choking everyone’s throats leaving no space for fresh air.

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