Electrified Transit, School, Shuttle, and Coach Buses: Global Market Analysis and Forecasts
July 24, 2019
The global medium and heavy duty bus market has been dominated by internal combustion engine vehicles. However, electric drive technologies are becoming more competitive. In addition to falling costs, electric drive buses (e-buses) have the potential to be the leading vehicle segment of commercial vehicle electrification thanks to growing support from local, regional, and central governments. The adoption of e-buses will continue to rise as battery prices decline and a greater importance is placed on reducing greenhouse gas emissions and other pollutants that are contributing to poorer air quality.
Fleets can take advantage of increasing government support to help surmount the high upfront costs associated with e-buses and the accompanying charging infrastructure. Fleets across the transit, coach, shuttle, and school segments can use e-buses to achieve their emissions and air quality targets, while improving their bottom line. These market conditions can enable e-buses to lead the way on the electrification of other commercial vehicle segments.
This Navigant Research report analyzes the global bus market across electric powertrains (plug-in hybrids and battery electric), as well as vehicle weight (medium duty and heavy duty), vehicle type (transit, coach, school, and shuttle), and region. The study provides an analysis of the market issues, including opportunities, implementation challenges, and prominent market factors associated with e-buses. Global market forecasts for vehicle populations and sales are broken out by segment and region and extend though 2030. The report also examines the key technologies surrounding charging infrastructure, competitive alternative fuels, as well as key market participants.
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