The electric bus-charging infrastructure market is expected to grow from $2.63 billion in 2023 to $8.14 billion by 2030, according to a report posted on ResearchandMarkets.com. This represents an annual growth rate of 17.5 percent.
Some of the market drivers include a rise in the number of electric buses, introduction of the battery-as-a-service model and the promotion of electric-mobility services by governments.
Although opportunities abound, there are also challenges to achieving electric mobility potential. Electric buses come with high manufacturing costs, and there are still numerous impediments to deploying charging systems for electric buses.
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