The global electric bus charging station market is predicted to advance at a CAGR of 9.7% from 2018 to 2025 and generate a revenue of $12.3 billion in 2025. The key factors fueling the expansion of the market are the increasing implementation of various government regulations and initiatives in many countries, the rising deployment of electric buses in public transport fleets, and the soaring investments being made in the development of electric bus charging stations all over the world.
A fund of $4,371.6 million was allocated by the Italian government to convert the bus fleet in its major urban and semi-urban pockets to those running on new energy, such as electricity. The investment for the period between 2019 and 2033 has been provided considering the strong need to reduce the emission of greenhouse gases (GHG) and other toxic gases from vehicles, as they are the primary culprit in the quickly degrading air quality in the country. Additionally, the national government submitted a proposal on an integrated energy and climate plan to the European Union in 2018, which puts a special emphasis on low- or no-emission transport.
From valuing $13.3 million in 2018, the U.K. electric bus charging station market is expected to garner $95.5 million in revenue by 2025, registering a 30.7% CAGR during the forecast period (2019–2025). The major factors having a positive influence on the market are the inclusion of electric buses in public fleet and the increase in government initiatives in popularizing these buses and providing the required infrastructure. Charging stations, also known as electric recharging points that are used to recharge an electric bus’s batteries are termed as electric bus charging stations.
From valuing $13.3 million in 2018, the U.K. electric bus charging station market is expected to garner $95.5 million in revenue by 2025, registering a 30.7% CAGR during the forecast period (2019–2025).
In the upcoming years, the pantograph charging category is predicted to demonstrate the fastest growth in the U.S. electric bus charging station market.
The demand for electric bus charging stations in the U.S.is rising rapidly, which is also leading to the growth of the U.S. electric bus charging station market.
P&S Intelligence considers this to be the most important factor that would drive the U.S. electric bus charging station market from $20.9 million in 2018 to $184.5 million by 2025, at a monumental 37.1% CAGR between 2019 and 2025 (forecast period).
Government Push for Electric Buses Driving Italian Electric Bus Charging Station Market. The Italian electric bus charging station market was valued at $12.3 million in 2018, and is estimated to surpass $44.8 million by 2025, witnessing a CAGR of 20.3% between 2019 and 2025.
With the rising sale of electric buses, the Italian electric bus charging station market is expected to witness a robust increase in its size, from $12.3 million in 2018, to $44.8 million by 2025, at a 20.3% CAGR between 2019 and 2025.
In order to curb pollution and carbon emission, an efficient zero tailpipe emission is required. Gasoline powered buses cause poor air quality, electric buses are a great way to curb global pollution problem. Global Electric Bus Market is expected to cross USD 400 Billion landmark by the year 2024. With increasing awareness about the benefit of using electric buses as public mode of transport coupled with local battery manufacturing and exclusive financing models certainly helping Global Electric Bus Market to grow robustly over the forecast period. For More Information: https://www.renub.com/global-electric-bus-market-nd.php
To meet increased demand for fast-charging infrastructure, the majority of top car manufacturers are investing in electric vehicle charging stations for commercial and residential usage, and many are also working on on-demand mobile electric vehicle charging stations.
Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region - Global Forecast to 2027
Though the electric and hybrid bus market is in its initial phase but the rising venture funding and technological development are significantly driving the market. According to Goldstein Research, global electric & hybrid bus market is expected to reach 40,067 units by 2024, growing at a CAGR of 25.3% over the forecast period 2016-2024.
Global electric bus market is expected to witness double digit growth during 2017 - 2025. The policy makers of various countries are focusing on developing public transit infrastructure with no or low pollution to tackle the air pollutant emissions, mainly in the densely-populated cities and mega-cities.
Asia Pacific Electric Bus Market To Hit USD 49 Bn By 2027. Asia Pacific electric bus market share is expected to grow at a significant rate as the pollution levels in different countries are rising at an alarming rate. The number of people owning cars and two-wheelers in the region is seeing significant growth, thereby increasing the need to have cleaner mobility solutions and alternative sources of transportation.
Electric Vehicle Supply Equipment Market by Power Type (AC Power and DC Power), by Product (Portable Charger, EV Charging Kiosk, Onboard Charging Station), by Charging Station Type, by Application, by Region – Global Share and Forecast to 2030
This growth is mainly due to sustainable government regulations. China is leading the way as the largest electric commercial vehicle producer and market, expected to grow at a CAGR of 13.52% during the forecast period.
Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region - Global Forecast to 2027
The global e-mobility services market from $3,189.8 million in 2019 to $78,898.3 million in 2030, at an explosive 40.7% CAGR during 2020–2030 (forecast period).
China has emerged as a leader in the EV market, particularly in the commercial and passenger vehicle segments. Get more insights into our latest cluster blog
India's urban centres are slowly but surely getting congested with the exponential rise of vehicles on the road. Especially in areas such as old market areas, tourist destinations, bus stands, railway stations and main business districts, life is becoming unhealthy and unsustainable, with traffic causing a great waste of time, energy and fuel. Traffic congestion is also causing pollution levels to rise in Indian cities. Shortage of sufficient parking space contributes to this sorry state of affairs.
According to the latest research report by IMARC Group, The United States mobility as a service market size is projected to exhibit a growth rate (CAGR) of 36.40% during 2024-2032. More Info:- https://www.imarcgroup.com/united-states-mobility-as-a-service-market
Electric Vehicles- chargeImagine a vehicle with no need for gas. You could just fill up your fuel at home. The exception for “fuel,” of course, includes your home’s electricity instead of gasoline or diesel. Some advantages make electric automobiles a better choice. However, current technologies in 2015 on roads can present some difficulties, and thus, create classic vehicles as the main option. Hybrids that rely on both gasoline and electricity may prove a good decision point to factor.
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Factors influencing the growth of the Heavy EVs and Industrial Equipment Charging market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Heavy EVs and Industrial Equipment Charging market.
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