Electric buses are expected to make up nearly one-third of all buses on the road by 2030, according to a new report from Navigant Research that analyzes the global bus market across electric powertrains, vehicle weight, vehicle type, and region.
The global medium and heavy duty bus market has been dominated by internal combustion engine vehicles. Yet the report claims that the adoption of electric buses (e-buses) will continue to rise as battery prices decline and a greater importance is placed on reducing greenhouse gas emissions and other pollutants.
The report further suggests that globally, China will continue to be the leading market segment for overall e-bus sales and is expected to maintain the vast majority of the market share with 74% by 2030. According to the report, North America and Europe will jointly make up nearly 14% of all e-bus sales by then.
The report, Electric Buses, analyzes the global bus market and provides an analysis of the market issues, including opportunities, implementation challenges, and prominent market factors associated with e-buses.
For the unfamiliar, Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.
Source: Press Release