Report: Electric buses will be a $165 billion market in 2027
A report by IDTechEx Research, Electric Buses 2017-2027, finds that the market for medium and large hybrid and pure electric buses will be greater than $165 billion in 2027.
According to IDTechEx, the report shows that the Chinese are now dominating the league table, buying the most buses and innovating rapidly to achieve the lowest cost base. The report examines the different power trains and the move from chassis to integrated manufacture. Technological roadmaps show the rapid innovation coming in the next decade, and regional and technology sales are forecasted to 2027.
The authors say that more than 100 hybrid and pure electric bus manufacturers are appraised and regional trends revealed. The report includes a look at fuel cell buses over nearly three decades, identifying why further delays are risking the window of opportunity for them closing as the greener, more efficient pure electric buses prove fit for prime time—and more than a quarter of a million e-buses will be purchased in 2026 due to both legal push and market pull.
Forecasts are for number, unit price, and market value 2017-2027 by region, powertrain, and pure electric vs hybrid. Over 8t and under 8t are analyzed in the more than 265 pages of original summary and analysis. IDTechEx says the information has been appraised by its experienced analysts with an intensive program of travel to check out the facts.
Follow this link to learn how to obtain a copy of the report: Electric Buses 2017-2027