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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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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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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