European Electric Bus Market size is estimated to surpass USD 4 billion by 2027, according to a latest forecast report by Graphical Research.
The European market growth is due to the adoption of automotive technologies such as self-driving vehicles, advanced climate control systems, smart driver cabin, and increased battery power. The market growth in the region can also be attributed to growing consumer shift from conventional buses to electric buses due to their low environmental impacts. The electric buses are integrated with ADAS systems to assist bus drivers with alerts and notifications on potential hazards and threat on the road.
Governments in countries, such as the UK, Germany, the Netherlands, and Poland, are focusing on reducing emissions from diesel and gasoline vehicles and are also implementing mandatory regulations to support the market. In February 2019, the European Union adopted a new rule aiming 25% of all Europe buses to be electric or hybrid by 2025.
Browse detailed statistical insights from the report, “Europe Electric Bus Market Forecast 2027 By Seating Capacity (Below 40 Seats, 40 - 70 Seats, above 70 Seats), By Type (All-electric, PHEV, FCEV), By Battery Capacity (Below 100 kWh, 100 - 300 kWh, above 300 kWh), By Application (Intracity, Intercity), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The COVID-19 pandemic negatively impacted the electric bus industry in the European region. Government-enforced lockdowns and mass quarantines in majority of the European countries restricted the movement of residents in several metropolitan cities during March to May 2020. This critically affected the availability of skilled workforce for the manufacturers. The lack of freight and goods transportation by road, rail, and air posed a significant challenge to the distribution of goods in the region. Additionally, high uncertainty related to the COVID-19 health crisis has led to increasing financial insecurities among industrial and bulk buyers of electric buses, hampering the demand in the region.
The 40-70 seater buses are preferred for intercity passenger transportation. The government authorities and private companies are investing in the development of intercity electric buses. The advancement in technology, rising demand for electric vehicles, and high luggage capacity are expected to propel the demand for the 40-70 seat capacity electric buses in the European region.
The market for electric bus in European research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Europe Market, By Type
Europe Market, By Battery Capacity
- Below 100 kWh
- 100-300 kWh
- Above 300 kWh
Europe Market, By Seating Capacity
- Below 40 seats
- 40-70 seats
- Above 70 seats
Europe Market, By Application
The above information has been provided for the following countries:
- The Netherlands