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.

For more information on companies in this article

Related Content

  • How can US transportation be ‘re-envisioned’?
    October 17, 2019
    In her address to this year’s ITS America Annual Meeting, congresswoman Eleanor Holmes Norton, chair of the House Subcommittee on Highways and Transit, called for a ‘re-envisioning’ of transportation. Her speech is below – and ITS International asks a number of US experts what they would like to see ‘re-envisioned’…

    I would like to welcome  ITS America to the nation’s capital.

    Read More
  • New national body to drive uptake of electric vehicles in Australia
    June 2, 2017
    A new industry-led national body that aims to drive the uptake of electric vehicles (EV) in Australia has been launched in Canberra. A total of 17 organisations, including non-profit organisation ClimateWorks Australia, Tesla, Audi, BMW, Jaguar Land Rover, infrastructure firm JET charge and the Royal Automobile Club of Victoria have joined the Electric Vehicle Council.
    Read More
  • Small toll agency adopts big city thinking
    December 5, 2014
    Andrew Bardin Williams looks at a novel option for new toll road authorities. While somewhat politically controversial, outsourcing has gained traction in the business world as a model worth investigating for its efficiency and cost saving benefits. Lean start-ups tend to employ independent contractors instead of full-time employees in an effort to remain flexible and avoid costs associated with pensions, retirement places, health insurance, office space and benefit packages.
    Read More
  • MaaSLab research assesses Londoners’ attitude to MaaS
    March 28, 2018
    As delegates head for our second MaaS Market Conference, Colin Sowman examines a new report looking at the potential impact of Mobility as a Service on London’s travellers and transport providers. In the run-up to ITS International’s MaaS Market (London) conference, a new independent report examining the travelling public’s appetite for Mobility as a Service (MaaS) has been published. Until now, there has been no real evidence base to evaluate the extent to which MaaS could change travel behaviour in
    Read More

Highlighted Content