The demand for electric buses in the Europe has augmented dramatically over the last decade. The market in the country is predominantly driven by rising air quality concerns, high dependence on conventional or non-renewable fuels, strong environmental ethics and the growing need to assimilate renewables into a network. Penetration of charging infrastructure also plays an important role in market development.
On the basis of technology, the europe electric bus market is broadly categorised into hybrid bus, series hybrid bus, parallel hybrid bus, and pure electric bus. In 2016, the highest number of parallel hybrid buses were circulated in Europe; however, shipments of pure electric bus are expected to become the largest by 2018, owing to the high adoption rate of such buses.
Major countries in Europe including The U.K., Netherlands, France and Germany stand as key electric bus markets. The U.K. and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of electric bus market in Europe, during the forecast period.
Europe’s Electric Bus Market is in Transformational Growth Mode
As per the current scenario, the number of circulation of such buses in Europe is relatively smaller than APAC and North America. Government subsidies, urban air quality targets and the availability of debt funding are some of the key factors bolstering the demand of electrically operated buses in Europe.
According to an analysis done by Union Internationale des Transports Publics (UITP), approximately 50% of the buses sold in Europe are operating according to the Euro 3 standard or older. To reduce carbon foot prints in the region, European emission standards has been introduced that required all the buses shipped in the region have to meet the Euro 6 emissions standards. Stringent regulations pertaining to energy conservation and carbon footprint reduction are also playing a significant role in market growth.
High Price of to Hamper the European Electric Bus Market Growth
The high cost of electric buses is the major restraint hindering their largescale adoption, especially in the developing countries. Lack of infrastructure, such as charging station in European countries, is hindering the growth of the electric bus in public fleets.
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Europe Electric Bus Market Competitiveness
Companies operating in the European electric bus market are primarily focusing on providing open interface for charging to push the demand of electricity operated buses in the region. Some of the key European electric bus manufacturers include Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, SOR Libchavy Ltd., Bozankaya, and Belkommunmash Holding. Key players operating in the European electric bus market are following the strategy of product launch to strengthen their position in the regional market. For instance, in September 2016, Solaris Bus & Coach presented its new Urbino 12 electric bus at InnoTrans 2016.
On the basis of technology, the europe electric bus market is broadly categorised into hybrid bus, series hybrid bus, parallel hybrid bus, and pure electric bus. In 2016, the highest number of parallel hybrid buses were circulated in Europe; however, shipments of pure electric bus are expected to become the largest by 2018, owing to the high adoption rate of such buses.
Major countries in Europe including The U.K., Netherlands, France and Germany stand as key electric bus markets. The U.K. and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of electric bus market in Europe, during the forecast period.
Europe’s Electric Bus Market is in Transformational Growth Mode
As per the current scenario, the number of circulation of such buses in Europe is relatively smaller than APAC and North America. Government subsidies, urban air quality targets and the availability of debt funding are some of the key factors bolstering the demand of electrically operated buses in Europe.
According to an analysis done by Union Internationale des Transports Publics (UITP), approximately 50% of the buses sold in Europe are operating according to the Euro 3 standard or older. To reduce carbon foot prints in the region, European emission standards has been introduced that required all the buses shipped in the region have to meet the Euro 6 emissions standards. Stringent regulations pertaining to energy conservation and carbon footprint reduction are also playing a significant role in market growth.
High Price of to Hamper the European Electric Bus Market Growth
The high cost of electric buses is the major restraint hindering their largescale adoption, especially in the developing countries. Lack of infrastructure, such as charging station in European countries, is hindering the growth of the electric bus in public fleets.
Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=europe-electric-bus-market
Europe Electric Bus Market Competitiveness
Companies operating in the European electric bus market are primarily focusing on providing open interface for charging to push the demand of electricity operated buses in the region. Some of the key European electric bus manufacturers include Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, SOR Libchavy Ltd., Bozankaya, and Belkommunmash Holding. Key players operating in the European electric bus market are following the strategy of product launch to strengthen their position in the regional market. For instance, in September 2016, Solaris Bus & Coach presented its new Urbino 12 electric bus at InnoTrans 2016.
