A recently released report by Navigant Research titled “Electric Buses” found that by 2030 nearly 33% of buses across the globe will be electrified. It’s projected that China will dominate this segment with a market share of 74%. With Europe and North America holding a 14% share.
In the report research analyst William Drier says that “Fleets can take advantage of increasing government support to help surmount the high upfront costs associated with e-buses… Transit, coach, shuttle, and school fleets can use e-buses to achieve their emissions and air quality targets, while improving their bottom line. These market conditions can enable e-buses to lead the way on the electrification of other commercial vehicle segments.”
A report from this past spring showed that the US only had 300 electric buses in service at the time. Compared to China’s 421,000. The US and other countries have a lot of catching up to with China in this regard but it’s never too late.