IDTechEX: electric buses will be a US$165 billion market in 2027

Industrial and commercial electric vehicles will be a similar market to cars but innovating faster and frequently more profitable for all in the value chain. The most important sector is buses, where innovation often comes before cars because they are less price sensitive. A report by IDTechEx Research, Electric Buses 2017-2027, finds that the market for medium and large hybrid and pure electric buses will be over $165 billion in 2027. In this report IDTechEx show how the Chinese are now dominating the leag
April 27, 2017 Read time: 2 mins
Industrial and commercial electric vehicles will be a similar market to cars but innovating faster and frequently more profitable for all in the value chain. The most important sector is buses, where innovation often comes before cars because they are less price sensitive. A report by 6582 IDTechEx Research, Electric Buses 2017-2027, finds that the market for medium and large hybrid and pure electric buses will be over $165 billion in 2027.

 
In this report IDTechEx show how the Chinese are now dominating the league table, buying the most buses and innovating rapidly already creating the lowest cost base by far. The report examines the different power trains and the move from chassis to integrated manufacture often with no chassis and later structural electronics as bodywork will come. Technological roadmaps show the rapid innovation coming in the next decade and regional and technology sales are forecasted to 2027. Well over 100 hybrid and pure electric bus manufacturers are appraised and regional trends revealed.

Based on extensive interviews, conferences and searches this report provides an up-to-date in-depth appraisal of the issues and trends. It includes a detailed 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 over 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 versus hybrid. Over 8t and under 8t are analysed in the 265-plus pages of original summary and analysis, easily grasped by those with limited time. The information has been appraised by our PhD level analysts with long experience and an intensive program of travel to check out the facts. Worldwide, over 100 manufacturers and many recent interviews are covered including EV events in Japan, Taiwan, the USA, UK and Germany.

Related Content

  • July 19, 2012
    Economic stimulus packages - shift in emphasis on exit strategies
    Jack Short of the International Transport Forum discusses the role of stimulus finding and the path in and out of recession. The US Government has grabbed many headlines with the American Recovery and Reinvestment Act (ARRA), its response to the need to do something to prevent stagnation in the face of the recent economic downturn.
    Read More
  • January 9, 2018
    Authorities switch on to all electric buses as costs tumble
    Alan Dron looks at changes in bus propulsion as cities look to improve air quality and seek to reduce maintenance costs. Despite the ending of various incentives to adopt alternative fuels, the introduction of electric buses by US transit authorities is picking up speed as performance improves, costs drop and air quality considerations become increasingly significant. More US bus manufacturers are introducing zero-emission models and some recent contracts will see many more passengers getting their first
    Read More
  • August 30, 2023
    Bright shiny green future: Asecap Sustainability Forum
    Knowing your company’s carbon footprint is one thing, but the real issue is understanding and reporting to investors Scope 3 emissions. David Arminas reports from the 2nd Asecap Sustainability Forum in Vienna, Austria
    Read More
  • August 15, 2012
    Getting more for less from traffic data
    Collection of traffic and transit data has grown significantly, combining with advances in connectivity and computational modelling to good effect. Desire to do more with less – to make budgets go further – has helped create a boom in the collection and study of traffic and transport data. Studies are becoming longer, greater in number and further in-depth as more intelligence is sought, plus, transportation agencies are looking to make processes of data collection less costly, or more efficient.
    Read More

Highlighted Content