Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell
Green Car Congress
AUGUST 20, 2012
This latter development is due as much to the fact that developed bus markets may experience a general slowdown, due to austerity measures and the end of stimulus funding, as to any changes in demand for electric drive. North America is the leading market for this technology, with hybrids capturing 30% to 40% of annual transit bus sales.
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