Canada electric bus market is estimated to grow at a considerable CAGR during the forecast period. The on-going piolet projects related to the efficiency of the electric buses in the country to drive its market growth. In July 2019, Brampton, a city in Ontario had received more than $11 million toward Phase 1 of a state-of-the-art electric bus pilot project. Around $7.6 million will go toward the deployment of the buses and overhead chargers, while $3.6 million will come from Natural Resources Canada’s Green Infrastructure Program to facilitate the city to install, operate and maintain the buses and chargers. Such funds provided for the deployment of electric buses in the country tend to drive the growth of the electric bus market in Canada.
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Proterra Inc., BYD Co. Ltd., COBUS Industries GmbH, Cummins Inc, and GILLIG LLC among others are the key players operating in the Canadian electric bus market. These players are actively adopting growth strategies such as mergers andacquisitions, geographical expansion, and new product launches to stay competitive in the market. For instance, in June 2019, BYD Co. Ltd. BYD expanded its North American operations with the opening of its first bus assembly plant in Ontario, Canada. The 45,000square-foot facility in Newmarket is the first new electric bus plant to open in the city. The building of this bus assembly is aimed at fulfilling the growing demand for electric buses in the country.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Canada Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- NiMH
- Li-Ion
- Others
By End-User
- Government
- Fleet Owner
The Report Covers
- Comprehensive research methodology of the Canada 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 Canada Electric Bus market.
- Insights about market determinants which are stimulating the Canada 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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