Multisitio 2

NEW YORK, Oct. 19, 2020 /PRNewswire/ — According to the market research report published by P&S Intelligence. U.S. electric bus market is predicted to grow to $1,554.5 million by 2024 from, witnessing a CAGR of 23.9% during 2019–2024. Some of the prominent policies under which the state governments have been offered grants for purchasing such automobiles are the Low or No Emission Grant, Urbanized Area Formula Funding program, School Bus Rebate program, and Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grant program.

Get the sample copy of this report at: https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample

Battery electric buses are registering faster growth in demand across the country, primarily due to the support of federal and state governments (in form of subsidies and grants) for the adoption of zero-emission buses. Furthermore, plug-in hybrids may not play any significant role in the near future in the U.S. electric bus market, mainly due to their manufacturing complexity, high cost, and tailpipe emissions.

Electric buses with length more than 40 feet are expected to remain the larger category in the market during 2019–2024. This is primarily due to the difference in fuel mileage in diesel hybrid and diesel buses, which favors hybrid technology for longer articulated buses.

Browse report overview with detailed TOC on U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length (> 40 feet, < 40 feet), by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) – Market Size, Share, Development, Growth, and Demand Forecast, 2015–2024 @ https://www.psmarketresearch.com/market-analysis/us-electric-bus-market

Electric buses that run on lithium-ion batteries are gaining popularity and witnessing considerable growth in demand in the U.S. electric bus market. Lithium-ion batteries are safer than other batteries in the market and are, therefore, more preferred for large-sized electric buses. Furthermore, falling prices of these batteries, coupled with their advantages such as lower maintenance cost, smaller size, lighter weight, higher energy density, and lower self-discharge over nickel–metal hydride batteries, are supporting the market growth in this category.

During the forecast period, inductive charging is expected to be the fastest-growing category in the U.S. electric bus market, as it facilitates faster charging, thus reducing the range anxiety of operators. Owning to this factor, several charging system manufacturers are collaborating with electric bus makers and public transit authorities to boost the adoption of these systems in the country.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=us-electric-bus-market

Market Size Breakdown of Electric Bus in the U.S.

Based on Vehicle Type

• Battery Electric Bus (BEB)
• Plug-In Hybrid Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)

Based on Length

• >40 Feet
• <40 Feet

Based on Battery

• Li-Ion
• NiMH
• Others

Based on Charging Type

• Plug-In
• Pantograph
• Inductive

Browse More Reports

Electric Bus Market – https://www.psmarketresearch.com/market-analysis/electric-bus-market

Europe Electric Bus Market – https://www.psmarketresearch.com/market-analysis/europe-electric-bus-market

India Electric Bus Market – https://www.psmarketresearch.com/market-analysis/india-electric-bus-market

China Electric Bus Market – https://www.psmarketresearch.com/market-analysis/china-electric-bus-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

NEW YORK, Oct. 19, 2020 /PRNewswire/ — According to the market research report published by P&S Intelligence. U.S. electric bus market is predicted to grow to $1,554.5 million by 2024 from, witnessing a CAGR of 23.9% during 2019–2024. Some of the prominent policies under which the state governments have been offered grants for purchasing such automobiles are the Low or No Emission Grant, Urbanized Area Formula Funding program, School Bus Rebate program, and Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grant program.

Get the sample copy of this report at: https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample

Battery electric buses are registering faster growth in demand across the country, primarily due to the support of federal and state governments (in form of subsidies and grants) for the adoption of zero-emission buses. Furthermore, plug-in hybrids may not play any significant role in the near future in the U.S. electric bus market, mainly due to their manufacturing complexity, high cost, and tailpipe emissions.

Electric buses with length more than 40 feet are expected to remain the larger category in the market during 2019–2024. This is primarily due to the difference in fuel mileage in diesel hybrid and diesel buses, which favors hybrid technology for longer articulated buses.

Browse report overview with detailed TOC on U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length (> 40 feet, < 40 feet), by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) – Market Size, Share, Development, Growth, and Demand Forecast, 2015–2024 @ https://www.psmarketresearch.com/market-analysis/us-electric-bus-market

Electric buses that run on lithium-ion batteries are gaining popularity and witnessing considerable growth in demand in the U.S. electric bus market. Lithium-ion batteries are safer than other batteries in the market and are, therefore, more preferred for large-sized electric buses. Furthermore, falling prices of these batteries, coupled with their advantages such as lower maintenance cost, smaller size, lighter weight, higher energy density, and lower self-discharge over nickel–metal hydride batteries, are supporting the market growth in this category.

During the forecast period, inductive charging is expected to be the fastest-growing category in the U.S. electric bus market, as it facilitates faster charging, thus reducing the range anxiety of operators. Owning to this factor, several charging system manufacturers are collaborating with electric bus makers and public transit authorities to boost the adoption of these systems in the country.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=us-electric-bus-market

Market Size Breakdown of Electric Bus in the U.S.

Based on Vehicle Type

• Battery Electric Bus (BEB)
• Plug-In Hybrid Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)

Based on Length

• >40 Feet
• <40 Feet

Based on Battery

• Li-Ion
• NiMH
• Others

Based on Charging Type

• Plug-In
• Pantograph
• Inductive

Browse More Reports

Electric Bus Market – https://www.psmarketresearch.com/market-analysis/electric-bus-market

Europe Electric Bus Market – https://www.psmarketresearch.com/market-analysis/europe-electric-bus-market

India Electric Bus Market – https://www.psmarketresearch.com/market-analysis/india-electric-bus-market

China Electric Bus Market – https://www.psmarketresearch.com/market-analysis/china-electric-bus-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

View original content:http://www.prnewswire.com/news-releases/electric-bus-market-in-us-to-boom-in-coming-years-says-ps-intelligence-301154713.html

SOURCE P&S Intelligence

CINCINNATI, Oct. 19, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) («Workhorse» or «the Company»), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced that it has received approval from the New York Truck Voucher Incentive Program («NYTVIP») to offer monetary vouchers for its C-Series all-electric delivery vehicles in select New York State counties.

Workhorse’s 2020 model year C-1000 Standard Range and C-650 Extended Range electric step vans were deemed eligible for monetary vouchers of up to $48,328 and $44,328 per vehicle, respectively. Under the rules of the program, in order to receive the full voucher amount, vehicle purchasers must replace, or scrap, an existing diesel-powered vehicle for each NYTVIP eligible vehicle in its place.

«Being able to sell our vehicles through the NYTVIP will enable us to dramatically reduce the sales price of our C-Series vehicles to eligible purchasers, which should be a material, positive contributor to new sales going forward,» said Workhorse CEO Duane Hughes. «The application and approval process was a significant undertaking that, now completed, gives us another advantage in the last-mile delivery space. We’re appreciative of being included within the state of New York’s broader efforts to reduce carbon emissions by making it easier for fleets to adopt clean vehicle technologies.»

The NYTVIP rebate for Workhorse trucks is available to fleets located in thirty New York counties. The NYTVIP program was created to accelerate the deployment of all-electric and alternative fuel vehicles in medium and heavy-duty truck and bus fleets throughout the state.

About Workhorse Group Inc. 
Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric vehicles including trucks and aircraft. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.

Forward-Looking Statements
This press release includes forward-looking statements.  These statements are made under the «safe harbor» provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as «believes,» «expects,» «anticipates,» «estimates,» «projects,» «intends,» «should,» «seeks,» «future,» «continue,» or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts.  Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein.  Factors that could cause actual results to differ materially include, but are not limited to: our limited operations and need to expand in the near future to fulfill product orders; risks associated with obtaining orders and executing upon such orders; the ability to protect our intellectual property; the potential lack of market acceptance of our products; potential competition; our inability to retain key members of our management team; our inability to raise additional capital to fund our operations and business plan; our inability to satisfy covenants in our financing agreements; our inability to maintain our listing of our securities on the Nasdaq Capital Market; our inability to satisfy our customer warranty claims; our ability to continue as a going concern; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission («SEC»), including our annual report on Form 10-K filed with the SEC. Workhorse expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact:

Mike Dektas
Creative Storm PR
513-266-3590
mike@creativestorm.com

Investor Relations Contact:

Matt Glover and Tom Colton
Gateway Investor Relations
949-574-3860
WKHS@gatewayir.com 

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/workhorse-c-series-vehicles-receive-voucher-eligibility-from-the-new-york-state-energy-and-research-development-authority-301154457.html

SOURCE Workhorse Group Inc.

DUBLIN, Oct. 19, 2020 /PRNewswire/ — The «Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region – Global Forecast to 2025» report has been added to ResearchAndMarkets.com’s offering.

The Vehicle Electrification Market is Projected to Grow at a CAGR of 11.9% to Reach USD 129.6 Billion by 2025 from USD 73.7 Billion.

The vehicle electrification market comprises major manufacturers such as Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric (Japan)

The market for BEVs is estimated to witness the fastest growth in the vehicle electrification market.

BEVs are projected to lead the vehicle electrification market, in terms of value, during the next 10 years. Automakers are seeing BEVs as a gateway to achieving fuel emission and economy standards set by governments. Government tax incentives and state rebates have boosted the proliferation of BEVs. Asia Oceania and North America are the fastest growing regions for BEVs. Increasing charging infrastructure in North America would be responsible for the shift from conventional ICE vehicles to BEVs. OEMs of this region have also invested significantly in vehicle electrification. This would also drive the demand for BEVs.

The electric power steering (EPS) is estimated to be the largest segment of the vehicle electrification market.

Electric Power Steering (EPS) systems are power-assisted steering products that eliminate the association between the steering system and the engine. EPS is the most popular steering system in the global market as it reduces fuel consumption and emissions, limits the required servicing, and improves maneuverability. In Europe and North America, almost all vehicles have EPS, and in Asia Oceania, the trend is growing rapidly. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.

Asia Oceania: the largest vehicle electrification market in the automotive industry.

Asia Oceania is the leading vehicle electrification market as the region represents countries such as China, Japan, South Korea, and India, with the world’s highest vehicle production. The automobile industry is flourishing, especially in South Asia. Additionally, Asia Oceania has created hubs for automobile manufacturers and automotive component suppliers. Considering the vehicle electrification market in the Asia Oceania region in 2019, the passenger car segment is estimated to lead the market, comprising more than 80% of the vehicle electrification market in the region, followed by the LCV segment, in terms of both volume and value.

As Asia Oceania has the largest share of passenger cars, ICE vehicles are expected to dominate the vehicle electrification market in Asia Oceania. Countries such as China and India have plans to upgrade their emission regulations by 2020. For instance, India is planning to skip BS V regulations by leapfrogging to BS VI. This is a positive development for the vehicle electrification market. Additionally, the demand for more electric and electronic components in vehicles helps drive vehicle electrification.

Market Dynamics

Drivers

• Rising Need for 48V Architecture
• Adoption of Advanced Technologies Such as E-Axle in Electric Vehicles

Restraints

• Difficulty in Achieving and Maintaining An Optimum Power-To-Weight Ratio
• Higher Cost of Electric Systems

Opportunities

• Use of Alternate Materials for Overall Weight Reduction to Open New Avenues in Electric Vehicle Technologies
• Electrification of Commercial Vehicles

Challenges

• Developing Fail-Safe Electronic and Electrical Components
• High Cost of Hybrid and Plug-In Hybrid Vehicles

Covid-19 Impact on Automotive Industry

• Covid-19 Impact Analysis on Vehicle Electrification Market
• Most Likely/Realistic Scenario
• High Covid-19 Impact Scenario
• Low Covid-19 Impact Scenario

Company Profiles

• Bosch
• Continental
• Denso
• Delphi
• Mitsubishi
• Borgwarner
• Johnson Electric
• Magna
• Aisin Seiki
• Johnson Controls

Additional Companies

Asia Oceania

• JTEKT Corporation
• Hitachi Automotive
• Calsonic Kansei

Europe

• ZF
• Valeo
• Wabco
• GKN
• Schaeffler
• Mahle

North America

• Dana (US)

For more information about this report visit https://www.researchandmarkets.com/r/ox9j0s

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-125-billion-vehicle-electrification-markets-2020-2025—major-players-featured-are-bosch-continental-denso-borgwarner-and-mitsubishi-electric-301154701.html

SOURCE Research and Markets