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By 2020, market penetration of hybrid transit buses is expected to reach 9.8 percent, while that of electric buses is expected to be 5.4 percent. The combined market size is forecasted to be about 42,000 units growing at a CAGR of 20.8 percent. Frost & Sullivan has completed a study on the global hybrid and electric bus market, which looks at the total figures for this trend and the impact it will have in the coming decades.