The European electric bus market is projected to reach USD 12,866 Units by 2027, registering a CAGR of 33.9% during the forecast period. Government support for electric vehicles, increasing need to reduce greenhouse gas emission, and advancement in technology, propelling the growth of the market.
Less than 10m category accounted for the larger revenue share in the electric bus market
Based on length, the European electric bus market is categorized into less than 10m, and more than 10m. Of all, the less than 10m category accounted for larger share in 2020 due to preference of smaller than 10m buses by the transport authority.
Browse Market Insight and In-depth TOC on "Europe Electric Bus Market – Analysis and Forecast (2021-2027)"
Primary factor for the growth of the European electric bus market is the government support for electric vehicles
Different governments across Europe are taking initiatives to replace the petroleum based automotive fleet with electric powered vehicles. Different countries provide incentive and frame regulations to support electric vehicle adoption. In European Union, governments are undertaking key initiatives to opt for green energy driven vehicles. The policies related to electric buss in EU is mainly focused on technological optimization and market development. For instance, the European Commission supported a Europe-wide electromobility initiative, Green eMotion, worth €41.8 million (USD 46.9 million), in partnership with forty-two partners from industry, utilities, electric vehicle manufacturers, municipalities, universities and technology and research institutions.
Some of the key players operating in the European electric bus market are Solaris Bus & Coach, VDL Bus & Coach BV, EBUSCO, Bozankaya A.S., Belkommunmash Holding, Sor Libchavy spol. s r.o., AB Volvo, Irizar Group, Scania AB, BYD company limited, and Alexander Dennis Limited.
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of volume (Units). The report segments the Europe electric bus market on the basis of vehicle type, battery, length, and country.
Europe Electric Bus Market Coverage
Vehicle Type Insight and Forecast 2015-2027
Battery Insight and Forecast 2015-2027
Length Insight and Forecast 2015-2027
Electric Bus Market by Country