Hefty Investments Fueling Electric Bus Charging Station Construction in Europe
For instance, in 2018,the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety(BMU) invested $82.7 million in Germany to support public transport operators with procuringplug-in hybrid and electric buses and inthe development of the associated charging infrastructure.Owing to such strongsupport, the European electric bus charging station market will witness a CAGR of 17.8% during 2019–2025. The market was valued at $221.2 million in 2018, and it is projected to reach $697.7 million by 2025.
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The increasing adoption of electric buses can be owed to the surging consciousness regarding environmental degradation. This hasled to the implementation of international regulations, like the Paris Climate Agreement, which is committed to the global transition toward a low-carbon economy. With the coming in force of this agreement, the European Union (EU) is also working toward achieving a low-carbon economy, by encouraging the adoption of new-energy vehicles. Within the continent, local bodies, transport organizations, and manufacturers are endorsing a common objective to accelerate the rollout of electric buses, for which the European Clean Bus Deployment Initiative has been formalized.
With the burgeoning number of electric buses, Europe is focusing on the establishment of depot charging and opportunity charging stations. In the recent past, theregion laid more emphasis on opportunity charging stations as compared to depot charging stations, as the former expedite the overall charging process and reduce the downtime of the buses. However, in the coming years, the adoption rate of depot charging stations will escalate on account of the rising preference for overnight charging buses. The large-scale deployment of such buses can be owed to their similar operational characteristics to diesel buses.
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The charging stations are available with a power output of 450 kW. Presently,
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