Press release
Australia Electric Bus Market Projected to Reach USD 1,993.72 Million by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 476 Million
Market Forecast in 2033: USD 1,993.72 Million
Market Growth Rate 2025-2033: 15.4%
Australia Electric Bus Market Overview
The Australia electric transport showcase is encountering noteworthy development, driven by government motivating forces, emanation lessening targets, rising fuel costs, urban discuss quality concerns, and headways in battery innovation. Open transport jolt activities and speculations in charging foundation are too supporting the market's development over metropolitan and territorial travel frameworks.
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Australia Electric Bus Market Trends and Market Drivers
A eminent slant within the Australia electric transport advertise is the government-backed extension of neighborhood electric transport arrangement. Critical legislative ventures are pointed at supporting the selection of locally made zero-emission vehicles. For occurrence, in June 2024, Australian manufacturer Volgren propelled the primary of 18 electric buses in Western Australia, as portion of a USD 250 Million joint government program. The Western Australian government plans to contribute USD 125 Million to obtain 130 locally made electric buses, with the government government including another USD 125 Million for charging foundation. Each transport can travel 300km per charge, sparing roughly USD 1 Million over its operational life.
Australia Electric Bus Market Segmentation:
1. By Propulsion Type:
• Battery Electric Bus
• Plug-in Hybrid Electric Bus
• Fuel Cell Electric Bus
2. By Battery Type:
• Lithium-ion
• Nickel-Metal Hydride
• Others
3. By Length:
• Less than 9 meters
• 9-14 meters
• Above 14 meters
4. By Range:
• Less than 200 km
• 200-400 km
• Above 400 km
5. By Battery Capacity:
• Less than 100 kWh
• 100-300 kWh
• Above 300 kWh
6. By Region:
• New South Wales
• Victoria
• Queensland
• Western Australia
• South Australia
• Others
Browse Full Report with TOC & List of Figures:
https://www.imarcgroup.com/australia-electric-bus-market
Australia Electric Bus Market News:
June 2024: Australian manufacturer Volgren launched the first of 18 electric buses in Western Australia, part of a USD 250 Million joint government program. The initiative includes investments in both vehicle acquisition and charging infrastructure, aiming to bolster the adoption of locally manufactured zero-emission vehicles.
Key Highlights of the Report:
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Contact Us
IMARC Group
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Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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