Battery Electric Bus Market Worldwide Industry Growth, Trends, and Forecast 2022-2028

A battery electric bus, often known as an e-bus, is a vehicle that runs entirely on electricity rather than a standard internal combustion engine. An on-board electric motor powers the E-bus, which is powered by on-board batteries or a set of batteries. Electric buses are considered environmentally friendly because they emit no emissions and are also cost effective when compared to typical gasoline/diesel buses.

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Companies Profiled in this report includes: AB Volvo, BYD Company Limited, Ankai, Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, Ebusco B.V., King Long United Automotive Industry Co., Ltd, Scania, VDL Company, Zhengzhou Yutong Bus Co., Ltd.

IMPACT OF COVID-19 ON BATTERY ELECTRIC BUS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET SEGMENTATION

Based on consumer segment, the global battery electric bus market is segmented into fleet operator and government.

On the basis of application, the market is segmented into intercity and intracity.

Based on length of bus type, the market is bifurcated into less than 9m, 9-14m, above 14m.

Based on battery capacity, the market is bifurcated into upto 400 kWH and above 400 kWH.

Based on power output, the market is bifurcated into upto 250 KW and above 250 KW.

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MARKET DYNAMICS

Drivers

  Various governments throughout the world have launched attempts to deploy electric buses to make their metropolitan public transportation systems more sustainable and fuel efficient.

  Electric buses will revolutionise public transportation in the future years by improving air quality, reducing noise, and increasing fuel efficiency.

  Manufacturers have been pushed to use electric technology since emission regulations in some nations have become more stringent.

Restraints

  The high expense of developing electric buses and coaches, as well as associated components like batteries and monitoring systems.

  Infrastructure development costs for EVs are also very costly.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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