Market Monitoring

Electric global bus sales to top 30,000 by 2020

Tue 16 June 2015 | Back to news list

The global electric bus market is expected to grow at a CAGR of 28.0% during 2014 to 2020, to reach estimated volume sales of 33,854 units by 2020.

Governments of various countries are focusing on no or low-pollution transportation systems to tackle rising pollution. This, in turn, is driving the electric bus market. Based on drive system, electric buses are categorized as pure electric, hybrid electric and plug-in hybrid. Most of the electric buses running worldwide are hybrid electric due to their low cost as compared to its other electric counterparts. However, developed countries are focusing on increasing the number of pure electric buses in their fleets.

Air pollution caused by vehicles has been emerging as a serious concern for governments across the globe. This is driving demand for public transport facilities with lower emissions.

According to the World Health Organization (WHO), air pollution causes about 100,000 deaths every year in Europe, reducing life expectancy by an average of one year. Considering the negative impact of pollution on people, governments around the world are working to find solutions to reduce pollution levels. European countries such as France, the U.K., and Germany are emerging as key markets for electric and hybrid electric vehicles.

Browse the full Global Market Study on Electric Bus: Asia Pacific to Witness Highest Growth by 2020.

The key companies operating in the global electric bus market include BYD Company Limited, Proterra, AB Volvo, Daimler AG, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Co., Ltd, Ashok Leyland, EBUSCO, Alexander Dennis Limited (ADL), and Shenzhen Wuzhoulong Motors Co., Ltd.

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