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

  • Pan-European travel information is a reality – at a price
    November 26, 2013
    Pan-European, multi-modal traffic and travel information is now available, for drivers willing to pay for it. Jon Masters reports. Those able to afford a new car with all the latest options including internet connectivity can now look forward to getting detailed up-to-the-minute traffic information. They can also access multi-modal travel data, such as train times, plus weather forecasts and parking availability. Take the connected car to any Western European country and the system still works with live
    Read More
  • Investment and innovation the future of ITS
    January 31, 2012
    Cisco's Paul Brubaker, former administrator of the US Department of Transportation's (USDOT's) Research and Innovative Technology Administration (RITA), takes a look at how the ITS sector is starting to attract the attention of major corporations and what this will mean for intelligent transportation in the coming years
    Read More
  • NZ Bus transitioning to electric powered vehicles
    April 22, 2016
    New Zealand-based infrastructure investment company has announced a US$30m deal with US electric vehicle powertrain manufacturer Wrightspeed to supply its Route 500, which it intends to deploy on its public transport business through NZ Bus. Wrightspeed's Route 500 range-extended powertrain is capable of powering vehicles weighing up to 36,000 pounds, in grades as steep as 40 per cent, and maintains an efficient drive, with an estimated 11.1 miles per gallon gasoline equivalent. The 80kW, fuel agnostic fulc
    Read More
  • Full electric vehicle shipments to exceed 2 million by 2020
    October 11, 2013
    According to ABI Research, the number of full electric vehicles (EV) shipping yearly will increase from 150,000 in 2013 to 2.36 million in 2020, representing a CAGR of 48 per cent. Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade.
    Read More

Highlighted Content