US Electric Bus Charging Infrastructure Market Growth Overview:
The global US Electric Bus Charging Infrastructure
Market Growth will continue
to climb an average annual rate of 26.1% by 2030. Here are some key findings
from their latest report on this market
The US Electric Bus
Charging Infrastructure Market Growth is witnessing substantial growth in
tandem with the increasing global shift towards sustainable and eco-friendly
transportation solutions. As cities and countries prioritize the adoption of
electric buses to reduce emissions and combat air pollution, the demand for
robust charging infrastructure is on the rise. Charging infrastructure
providers are developing innovative solutions, including fast-charging stations
and depot charging systems, to cater to the unique operational needs of
electric buses. This market's growth is further propelled by government
initiatives and incentives aimed at promoting electric mobility, fostering the
development of an extensive and efficient charging network for electric buses.
Geographically,
regions at the forefront of electric bus adoption, such as Europe and parts of
Asia, are witnessing a surge in investments and deployment of charging
infrastructure. As urbanization accelerates and public transportation systems
transition to electric fleets, the US Electric Bus Charging Infrastructure
Market Growth is expected to play a crucial role in supporting the widespread
integration of electric buses into public transit networks. Continued
advancements in charging technology, coupled with supportive government
policies, are likely to drive further expansion and sophistication of the US
Electric Bus Charging Infrastructure Market Growth in the coming years.
Get Free Sample Report of US Electric Bus
Charging Infrastructure Market Growth
The Global
Electric Bus Market Is Expected To Grow
Electric buses
offer significant reductions in fuel costs and emissions levels, as well as
improved public health due to less reliance on diesel fuels. Globally, the US
Electric Bus Charging Infrastructure Market Growth is forecasted to reach an
annual volume of 934 million units by 2022 and reach 2 billion units annually
by 2026 with North America representing more than 60% share of electric buses
sold worldwide during this period.
US Electric Bus
Charging Infrastructure Market Growth Key Players
·
Siemens AG (Germany)
·
SCHUNK Group (Germany)
·
ABB (Switzerland)
·
Bombardier Inc (Canada)
·
Kempower OY (US)
·
Daimler AG (Germany)
·
Proterra (US)
·
ChargePoint Inc (US)
·
EFACEC (Portugal)
·
Shijiazhuang Tonhe Electronics Technologies Co
Ltd (China)
The US Is
Investing In Electric Bus Infrastructure
In order to cut
down on emissions, improve air quality, and save money, many U.S. cities are
investing in electric bus infrastructure. In New York City, for example,
they've committed $32 million to purchase 50 fully electric buses and five
charging stations. The city has also allocated an additional $10 million to
help create a network of electric vehicle charging stations that will serve
both public and private vehicles in all five boroughs.
Europe Is
Leading The Way In Electric Bus Adoption
With a push for
clean, sustainable transportation and a focus on reducing emissions, it is
little surprise that Europe has been leading the way in electric bus adoption.
The European Union has set regulations mandating that companies reduce their
emissions by 20% between 2020 and 2030. This will be difficult if not
impossible without switching to electric vehicles. Since buses are one of the
major sources of air pollution in most cities, they are an important target for
reducing emissions.
China Is The
Largest Market For Electric Buses
China is currently
the largest market for electric buses, with over 300 million kilometers
traveled by such vehicles in 2016. The country has ambitious plans to put 5,000
electric buses on its roads in 2017 and at least 10,000 more each year until 2020.
To achieve this goal, China's Ministry of Transport announced in November 2016
a $2.6 billion purchase of 200 pure electric buses from BYD Co., Ltd.
The US Electric
Bus Charging Infrastructure Market Growth Is Expected To Grow
In order to meet
climate change goals, cities across the world are turning to electric buses.
The rise in demand is being driven by an increasing number of cities with
zero-emission vehicle mandates and by government incentives for electric bus
buyers.
The global US
Electric Bus Charging Infrastructure Market Growth size was valued at USD 890.2
million in 2017 and is expected to grow at a CAGR of 16.6% over 2018-2024,
reaching USD 2,694 million by 2024.
US Electric Bus
Charging Infrastructure Market Growth Segmentation
By Charger Type
·
Dc Charger
·
Pantograph
By Charging
Method
·
Fast Charging
·
Slow Charging
By Regions
·
North America
·
Europe
·
Asia Pacific
·
Rest Of The World
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