The Europe electric bus market is expected to exhibit a CAGR of 18.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Electric buses are electric vehicles (EVs) whose propulsion and accessory systems are powered by zero-emissions electricity sources, such as onboard batteries, hydrogen fuel cells, and overhead wires. These buses can be recharged through regenerative braking, solar panels, off-board chargers, and storage battery banks. They usually function by sending a signal to the powertrain system controller, which further powers the high-voltage battery and converts stored chemical energy into electrical energy. They have instant torque that allows drivers to accelerate more responsively, thereby improving the driving experience and overall vehicle performance. As they are environment-friendly and have lower maintenance and fuel costs, electric buses are currently gaining widespread adoption over conventional buses across Europe.
Europe Electric Bus Market Trends:
With the growing concerns about the effects of air pollution on human health and the inflating costs of fossil fuels, there is a rise in the need for electrified transit systems and eco-friendly alternatives to internal combustion engines (ICE) buses in Europe. In line with this, as governing agencies of numerous countries in the region are implementing intense emissions regulations, electric buses are widely being adopted as a zero-emission solution to help cities and communities meet their environmental objectives without compromising their transportation infrastructure. Apart from this, the convenient network of buses and the increasing reliance on public transit across the region are other significant factors influencing the market positively. Besides this, various innovations, such as the introduction of new, autonomous pantograph chargers that allow for faster charging, by key market players operating in the region are anticipated to expand the sales of electric buses to make fleets more sustainable in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe electric bus market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on propulsion type, battery type, length, range and battery capacity.
Breakup By Propulsion Type:
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Breakup By Battery Type:
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
Breakup By Length:
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
Breakup By Range:
- Less than 200 Miles
- More than 200 Miles
Breakup By Battery Capacity:
- Up to 400 kWh
- Above 400 kWh
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Propulsion Type, Battery Type, Length, Range, Battery Capacity, Country
||Germany, France, United Kingdom, Italy, Spain
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