Germany electric bus market is estimated to grow at a considerable CAGR during the forecast period. Funding plays a crucial role in purchasing electric buses. In Germany, municipalities are considered to be the key end-users of electric buses to decline the carbon emission level. Berlin, Frankfurt, and Hamburg municipalities are under the impression of purchasing electric buses to limit the carbon emission level. In July 2019, the German Federal Ministry for the Environment (BMU) had granted $15.6 million to the five cities namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach for the purchase of around 70 electric buses.
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As of July 2020, Germany’s government is supporting over 1,000 new electric buses for public transport operators with a total of $730 million in subsidies. Wiesbaden (120), Berlin (120), Osnabrueck (62) Nuremberg (52), and Hanover (48) are the biggest single projects running in the country. The availability of government and private funding for the deployment of electric buses in Germany is promoting the deployment of electric buses in the country. For instance, the Hamburg transport authorities received around $57 million in support for 96 new e-buses, accounting for 80% of the additional costs of an e-bus compared to a conventional diesel bus as well as 40% of the new charging infrastructure.
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Market Coverage
- The market number available for – 2018-2025
- Base year- 2019
- Forecast period- 2019-2025
- Segment Covered- By Bus Type, By Battery Type, By End-User
- Competitive Landscape- BYD Co. Ltd., AB Volvo, MAN SE, Daimler AG, Irizar Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Li-ion
- NiMH
- Others
By End-User
- Government
- Fleet Owner
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