According to a new market research report published by Global Insight Services ” Electric Bus Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Electric bus technology has come a long way in recent years, and it is now possible to find electric buses on the market that are capable of providing a comfortable, efficient, and cost-effective ride.
Range is an important consideration for any electric vehicle, and buses are no exception. The range of an electric bus is determined by a number of factors, including the size of the battery, the efficiency of the drivetrain, and the weight of the vehicle. Electric buses typically have a range of around 100 miles, although some models are capable of traveling further.
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Key Players
- Anhui Ankai Automobile Co. Ltd.
- Beiqi Foton Motor Co., Ltd.
- BMW AG
- BYD Company Ltd.
- Daimler AG
- Ford Motor Company
- General Motors
Key Trends and Drivers
Some of the key trends in the electric bus market are:
- Increasing adoption of electric buses: With the increasing awareness of the benefits of electric vehicles, more and more bus operators are opting for electric buses. This is especially true in countries with stringent emission norms.
- Range anxiety: One of the main concerns for bus operators considering electric buses is range anxiety, i.e. the fear of the bus running out of charge before reaching its destination. This is slowly being addressed with the introduction of buses with longer ranges.
- Infrastructure challenges: Another challenge faced by the electric bus market is the lack of infrastructure, such as charging stations. This is slowly being addressed with the introduction of charging infrastructure by governments and private players.
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Market Segments
By Type
- All-Electric
- PHEV
- FCEV
By Battery Capacity
- Below 100 kWh
- 100-300 kWh
- Above 300 kWh
By Application
- Intercity
- Intracity
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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