Electric bus Market Segmentation:
Autonomy Segment Analysis
The autonomous segment is anticipated to garner the largest revenue by the end of 2035, backed by the integration of autonomous e-buses into smart city initiatives. Various cities worldwide are exploring self-driving technology to enhance public transportation systems. For instance, in August 2023, San Francisco launched the Loop, a free autonomous shuttle service on Treasure Island, aimed at improving local connectivity. Operated by Beep, the all-electric shuttles run every 20 minutes between 9 a.m. and 6 p.m., with an onboard attendant for safety. These initiatives are encouraging other cities to adopt autonomous e-vehicles as well as align with their urban mobility strategies.
Propulsion Type Segment Analysis
Government incentives and policies are playing a major role in supporting the growth of the battery electric vehicle to garner significant growth in the forthcoming years. Many countries are emphasizing cleaner alternatives and phasing out fossil fuel-powered vehicles. Additionally, the governments are investing in e-buses through subsidies and green infrastructure initiatives. Various companies are gradually advancing their BEV offerings to address rising market needs. For instance, Alexander Dennis, in November 2023, unveiled the Enviro100EV, a midibus equipped with an in-house electric drivetrain, targeting smaller operators and rural routes. Such developments and strategic product diversification are accelerating the segmental growth. Such developments and strategic product diversification are accelerating the segmental growth.
Our in-depth analysis of the global electric bus market includes the following segments:
|
|
|
Autonomy
|
|
|
Propulsion Type |
|
