Hybrid Buses to Dominate the Global Electric Bus Market During 2014-2020
Date : Oct 18, 2018 Author : PMR Editorial Staff Category : Automation
With an increase in the air pollution and diminishing crude oil reserves along with unsteady fuel prices are the main factors which are fueling the growth of the electric bus market globally.
With an increase in the air pollution and diminishing crude oil reserves along with unsteady fuel prices are the main factors which are fueling the growth of the electric bus market globally. Due to such factors, several governments, customers and end users are opting for electric buses, thus escalating the growth during the forecast period. The worldwide market for the electric bus is anticipated to exhibit a CAGR of 28.0% throughout the six-year projected period of 2014-2020 to account for an anticipated sales volume of 33,854 units.
However, factors like a considerable need for the natural gas stimulated buses, costly features and making of the electric buses demanding huge capital are likely to impede the growth of the electric buses. However, the preliminary investments are in general high, but the operational costs of the buses are considerably little as compared to diesel which is expensive than electricity as almost all buses primarily administered on diesel.
Based on product type, the overall market of electric buses is broadly sub-divided into plug-in electric buses, hybrid electric and purely electric. The pure division functions mainly on batteries, while, hybrid and plug-in electric buses functions on mainly conventional fuel and electric propulsion system. While hybrid electric division preserves energy at the time of losing speed that finds usage in high-intensity tasks. The plug-in electric buses necessitate a plug-in power source for charging purpose; further, the combustion engine improves the engines soon that recharge the battery as well as upholds the energy. The Hybrid buses division is considered to maintain its dominance over the worldwide market of the electric bus. While the purely electric bus market is expected to grow at a steady growth rate on account of government initiatives and public awareness for emission-free transport.
Geographically, in the APAC region, China is likely to be the lucrative overall market for electric buses during the projected period. Due to the requirement for effective regulatory structure, many urbanized countries are still doubtful to implement these buses in their countries. On the other hand, many European countries, for example, France, U.K. and Germany are expected to hold their status in the overall market during the projected period.
Recently, BVG, Berlin’s public transit operator has placed an order from Solaris for fifteen 12-meter electric buses that will reach in the capital of Germany by 2019. The ordered vehicles by BVG are the similar Solaris Urbino 12 electric that acquired the “Bus of the Year” award in 2017. There are by now five electric buses operating from Solaris on the Berlin streets.
These buses will be powered by axles as well as incorporated traction motors. The Solaris high energy type batteries will be used to store the energy with an overall power of 240 kWh along with its replacement will be followed out by a plug-in socket that is the criterion solution for Solaris electric buses.