Japan electric bus market is estimated to grow at a significant CAGR during the forecast period. The rising need to control the pollution caused due to diesel and petrol vehicle creating demand for electric vehicles such as buses for public transport in Japan, which in turn, is fueling the Japan electric bus market. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. In 2018, the country had set a target of 15-20% EV sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030, which is further supporting the deployment of the electric bus for public transports in the country, which in turn, is driving Japan electric bus market.
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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 segmental market share. Based on end-user, the market is sub-segmented into government and fleet owners.
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Japan 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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