Germany Electric Bus Market 2023 Driving Factors Forecast Research 2029

Germany electric bus market is estimated to grow at a considerable CAGR during the forecast period. The availability of government and private funding for the deployment of electric buses in the country is among the key factors to drive the Germany electric bus market. In January 2020, the EU Commission had approved an increase of $326 million in Germany's state aid scheme which is valid by the end of 2021 for the purchase of electric buses and charging infrastructure under its state aid law. The German government is anticipated to use this fund to purchase 2,000 low-maintenance, battery and 10,000 fuel-efficient BS-VI buses in order to adopt an environment-friendly and fuel-efficient public transport system. In addition, in July 2019, the German Federal Ministry for the Environment (BMU) had granted $15.6 million to the five cities namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach for the purchase of around 70 electric buses.

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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on the end-user, the market is sub-segmented into government and fleet-owner.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Germany Electric Bus Market by Bus Type
o Hybrid Electric Bus
o Fuel Cell Electric Bus
o Battery Electric Bus

Germany Electric Bus Market by Battery Type
o Lithium-ion batteries
o NiMH Batteries
o Others

Germany Electric Bus Market by End-User
o Government
o Fleet Owner

Company Profiles
o BYD co. Ltd.
o COBUS Industries GmbH
o Daimler AG
o Foton Motors
o Irizar Corp.
o MAN SE

The Report Covers
• Comprehensive research methodology of the Germany Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany Electric Bus market.
• Insights about market determinants which are stimulating the Germany Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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