Electric Buses Market Analysis: Global Size Grow At A CAGR Of 22.9% Over The Forecast Period
January 20, 2021 | by admin |
The overall
electric buses market worldwide is set to grow with a CAGR of 22.9% through the forecast period starting from 92,200 units in 2017.
Market Insights
With ever-increasing environmental concerns coupled with regulations, electric vehicles are experiencing widespread demand all over the world, with China at the forefront. Among the electric vehicles sector as a whole, electric busses have shown rapid growth over the last few years and are expected to lead the overall market for electric vehicles over the forecast period. Despite the well-established market for CNG vehicles, electric busses are expected to present tough competition to the former in the years to come. Although electric buses are more expensive to purchase, these buses offer much lower maintenance and operation cost as compared to CNG and diesel operated buses. Subs
Solaris Bus in Polish second-life battery consortium
A consortium comprising Solaris Bus & Coach, Impact Clean Power Technology S.A. and TAURON Polska Energia will implement a project titled “Second Life ESS” with the aim to create a prototype system to store electric energy based on retired electric bus batteries. The project is being co-financed by the National Center for Research and Development (NCBiR) in Poland.
Solaris launched its first electric bus back in 2011. Since then, the manufacturer has sold more than 1,000 e-buses to several dozen towns and cities across 18 countries. The first of the vehicles delivered then have now covered over half a million kilometers each. This means that in some of them it will be necessary to replace their battery packs.