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The school bus market size is forecast to increase by USD 1.52 billion at a CAGR of 4.6% between 2023 and 2028. The market is experiencing significant growth due to the increasing enrollment numbers in schools and the implementation of technological innovations to enhance the effectiveness of school buses. Additionally, there is a growing focus on reducing emissions and improving fuel economy, leading to stringent regulations. To cater to this demand, manufacturers are offering longer bus life and better resale value through incentives such as extended warranties and financing options. Furthermore, the availability of charging infrastructure, including DC Fast Chargers and AC Chargers, is becoming increasingly important. School districts are also exploring the use of rooftop solar panels for power generation and power banking to reduce operational costs.
In addition, the US government is offering EV tariff category incentives to promote the adoption of electric school buses. To ensure a smooth transition, training programs for bus drivers and maintenance personnel are being implemented to ensure they are equipped with the necessary skills to operate and maintain these advanced vehicles.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Powertrain Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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