China electric bus market is estimated to grow at a significant CAGR during the forecast period. The cohesive government policies and initiatives to minimize exhaust emissions in the country is a major factor to drive the growth of the China electric bus market. For instance, in China, the Ministry of Transport (MOT) provides subsidies and tax incentives to electric automobile manufacturers for the manufacturing of low-emission bus fleet. In October 2018, Shenzhen public bus operator was granted subsidies of $72,150 for the running of its electric vehicles. Moreover, China is taking first-mover advantage in the electric bus market owing to the presence of key market player BYD Co. Ltd. in the country.
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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
China 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
The Report Covers
- Comprehensive research methodology of the China 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 China Electric Bus market.
- Insights about market determinants which are stimulating the China 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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