The Netherlands electric bus market is estimated to grow at a considerable CAGR during the forecast period. The rising adoption of electric vehicles in the country owing to the rising awareness of the green initiative and cohesive government agreements is a major factor to drive the growth of the Netherlands electric bus market. In the Netherlands, For instance, in 2016, the transport authorities had entered into an administrative agreement on zero-emission (ZE) public transport under which all new buses will be ZE ‘at the exhaust’ by 2025 and the entire fleet of more than 5,000 buses will be ZE by 2030. Further, in March 2019, the public transport operator Qbuzz revealed that more than 160 electric buses will hit the streets of the new concession Groningen-Drenthe to mitigate the carbon emission level of the country.
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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on end-user, the market is sub-segmented into government and fleet owners.
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The Netherlands Electric Bus Market Segmentation
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
By End-User
- Government
- Fleet Owner
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