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Europe Electric Bus Market | Growth And Demand Forecast To 2025
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On the basis of technology, the electric bus market is broadly categorised into hybrid bus, series hybrid bus, parallel hybrid bus, and pure electric bus. In 2016, the highest number of parallel hybrid buses were circulated in Europe; however, shipments of pure electric bus are expected to become the largest by 2018, owing to the high adoption rate of such buses.
Major countries in Europe including The U.K., Netherlands, France and Germany stand as key electric bus markets. The U.K. and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of electric bus market in Europe, during the forecast period.
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As per the current scenario, the number of circulation of such buses in Europe is relatively smaller than APAC and North America. Government subsidies, urban air quality targets and the availability of debt funding are some of the key factors bolstering the demand of electrically operated buses in Europe.
According to European Environmental Agency report, ‘Air Quality Europe’, presented in 2013, the level of air pollution in Europe is above the accepted level. Except Dublin, most of the cities in every European country, surpassed the Europe’s NOx target. To control air pollution and greenhouse gas emissions, diesel fleets across the region are being replaced by electric models. As compared to 2015, a larger number of such buses were sold in the region in 2016.
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