Need for Shifting to Sustainable Means Driving European Electric Bus Charging Station Market

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<h1>Need for Shifting to Sustainable Means Driving European Electric Bus Charging Station Market</h1><strong> Author: <a href='http://fr.articleseen.com/profile_Pramod Kumar.aspx'>Pramod Kumar</a></strong><br /><p>Owing to this, the penetration of electric vehicles has been growing considerably across the globe. While initially, electric cars and scooters have been in high demand, however, the adoption of electric buses has been growing as well all over the world, including the European region. This is further leading to the growth of the European electric bus charging station market. The industry is still in the early phase and is highly dependent on government initiatives and schemes. Various programs, including grants, tax rebates, and subsidies, are being launched by governments of different countries for improving the electric bus infrastructure. For example, in Germany in May 2018, the Federal Ministry for the Environment, Nature Conservation, and the Building and Nuclear Safety (BMUB) collectively allotted a fund of $82.7 million. The European electric bus charging station market is predicted to generate a revenue of $697.7 million by 2025, increasing from $221.2 million in 2018, progressing at a 22.4% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into opportunity charging, depot charging, and others, out of which, the opportunity charging division held the major share of the market in 2018. These chargers facilitate reduced downtime for charging, expedite the overall charging process, and have easy functioning. When charger is taken into consideration, the market is bifurcated into on-board and off-board chargers, between which, the off-board bifurcation accounted for the larger share of the market in 2018. The bifurcation is further projected to hold the major share of the market during the forecast period, as these chargers aid in reducing the weight of the vehicles, which, in turn, allows for rapid charging at higher power levels. These chargers are further preferred owing to their vehicle-to-grid reactive power capability. Geographically, the U.K. dominated the European electric bus charging station market, in terms of volume. The country is widely focusing on the establishment of a green mobility solution, and is accelerating the electrification of public transport. Moreover, the rate of adoption of electric buses is considerably in the country, owing to the support that is being offered by the government in the form of non-financial and financial incentives for procuring these vehicles and for developing related infrastructure. In conclusion, the market is being driven by the growing adoption of electric vehicles and increasing government support. </p><strong>About the Author:</strong><br />Get More details Europe Electric Bus Charging Station Market Business Opportunities: https://www.psmarketresearch.com/market-analysis/europe-electric-bus-charging-station-market<p> Article Source: <a href='http://fr.articleseen.com/Article_Need-for-Shifting-to-Sustainable-Means-Driving-European-Electric-Bus-Charging-Station-Market_1172.aspx'> http://fr.articleseen.com/Article_Need for Shifting to Sustainable Means Driving European Electric Bus Charging Station Market_1172.aspx</a></p>

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Mots-clés : Europe Electric Bus Charging Station Market, Europe Electric Bus Charging Station Market Share, Europe Electric Bus Charging ,

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