Electric Bus

Developing Urbanization in Asia-Pacific Countries Favoring the
Growth of Global Electric Bus Market
Governments in Asia-Pacific countries have stepped up their plans for bringing
electric buses in the rapid transit and public transport systems, inciting more
demand in the coming years.
Existing or conventional buses are losing their dominance in public transport
industry as several parts of the world are looking for transport vehicle alternatives.
Maintaining these buses required additional expenditure and yet, improving their
fuel economy became uncertain. Electric buses turned out to be an ideal alternative
for transforming public transportation & urban transit systems. Financial
investments for improving the public transit system continue to welcome rampant
adoption of electric buses.
The growth of global electric bus market is incidental to the growing urbanization
in different parts of the world. Counties and municipal authorities in distinct
countries are all demonstrating similar response for electric buses. These
authorities are acting as core proponents of electric buses and urging their
manufacturer to improve their amenities in terms of seating capacity, power
storage and commuting economy. Global organizations monitoring effects of
commodities on the environment continue to give their nod for electric buses in a
jiffy. Increasing demand for electric buses has orchestrated growth of associated
market such as energy storage solutions, lithium-ion batteries, lightweight seat or
couch materials, and many others.
The most significant growth registered in the global electric bus market comes
from the Asia-Pacific region. Countries such as China, India, and Thailand, among
others have accelerated the replacement of public transport vehicles with electric
ones. Electric buses market in Asia-Pacific will endure an impressive growth in the
forecast period of 2014 to 2020. According to a report compiled by Persistence
Market Research, titled “Global Market Study on Electric Bus: China to Retain
Dominance During 2014-2020,” the global market for electric buses will garner
revenues from sales of over 33,000 units over the forecast period, rising at an
exponential CAGR of over 25%. The report also illustrates China’s dominance in
the global electric bus market, thereby signifying the prominence of Asia-Pacific
region in the future of electric buses.
For China and a few other Asia-Pacific countries, growing air pollution through
fuel combustion is devastating their economy as well as the lifestyle of consumers.
Prompt adoption and use of electric buses is slated to tone down the pollution
levels in China to a significant level. With the population growing beyond
proportion, China continues to strengthen its public transportation system;
particularly in its urban areas. The dense concentration of people living in China’s
urban cities have urged local authorities to restrict further atmospheric damage
from vehicles with poor economies. India and Thailand have also put forth several
propositions for actively replacing the existing buses with electric or hybrid
electric buses. Manufacturers of electric buses, a majority of whom are based in
Asia-Pacific, have improved their production by reasonably increasing the seating
capacity, simultaneously reducing gross body weight and hiking the energy storage
capacity. Some notable players in the global market for electric buses include, AB
Volvo, Diamler, Ashok Leyland, Alexander Dennis, Proterra, BYD Company, and
EBUSCO, among others.
The report also includes key insights of global electric bus market, especially in
North American and European regions, where self-driving technologies are being
incorporated and tested on electric buses.
For more information, please visit us at www.persistencemarketresearch.com

Governments in Asia-Pacific countries have stepped up their plans for bringing electric buses in the rapid transit and public transport systems, inciting more demand in the coming years

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