Germany electric bus market is estimated to grow at a considerable CAGR during the forecast period. The availability of government and private funding for the deployment of electric buses in the country is among the key factors to drive the Germany electric bus market. In January 2020, the EU Commission had approved an increase of $326 million in Germany’s state aid scheme which is valid by the end of 2021 for the purchase of electric buses and charging infrastructure under its state aid law. The German government is anticipated to use this fund to purchase 2,000 low-maintenance, battery and 10,000 fuel-efficient BS-VI buses in order to adopt an environment-friendly and fuel-efficient public transport system. In addition, 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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BYD co. Ltd., AB Volvo, MAN SE, Daimler AG, Irizar Corp., and COBUS Industries GmbH among others are the key market players operating in the Germany electric bus market. These key players of the electric bus market are actively involved in adopting several growth strategies such as partnership, geographical expansion, and new product launches to stay competitive in the Germany electric bus market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Germany Electric Bus Market by Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
Germany Electric Bus Market by Battery Type
- Lithium-ion batteries
- NiMH Batteries
- Others
Germany Electric Bus Market by End-User
- Government
- Fleet Owner
Company Profiles
- BYD co. Ltd.
- COBUS Industries GmbH
- Daimler AG
- Foton Motors
- Irizar Corp.
- MAN SE
The Report Covers
- Comprehensive research methodology of the Germany Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Germany Electric Bus market.
- Insights about market determinants which are stimulating the Germany Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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