Automotive And Transportation

Global electric bus market is growing significantly due to the growing demand for hydrogen fuel cell bus because of growing concerns over air pollution and carbon emissions from fuel vehicles. Furthermore, increasing government investments in public transport and the establishment of charging stations are also driving market growth.

The rolling stock market is growing owing to the expanding investments in railway transportation on account of the increasing demand for passenger mobility along with electrification of railway systems, especially in fast developing major economies like China and India.

An electric two-wheeler comes with an electric motor instead of an internal combustion engine (ICE). It generates power by burning a mixture of fuel and gases. One of the most unique features of electric two-wheelers is that they can be plugged in by the driver to charge from an off-board electrical power source.