According to the technology experts in the automotive and transportation industries, rapid innovation along with growing demand for green technologies in the coming decade will fuel the growth of the global electric buses market. Another strong growth driver for the global electric buses market is the high demand for electric buses from China. Though the concept of electric buses is relatively new, it is displaying robust growth in China, especially in cities such as Shenzhen and Xi’an. Currently, China is also the key manufacturing hub for electric buses, with prominent vendors such as Zhongtong and BYD operating in this market. The strong demand for electric buses from China in combination with the consistent local supply chain is leading to wide adoption of these vehicles in China.

1. Global Electric Buses Market to Soar due to High Demand
from China
Published By:
IDTechEx Market
Research
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2. Report Description
According to the technology experts in the automotive and transportation industries, rapid innovation
along with growing demand for green technologies in the coming decade will fuel the growth of the
global electric buses market.
Another strong growth driver for the global electric buses market is the high demand for electric buses
from China. Though the concept of electric buses is relatively new, it is displaying robust growth in China,
especially in cities such as Shenzhen and Xi’an. Currently, China is also the key manufacturing hub for
electric buses, with prominent vendors such as Zhongtong and BYD operating in this market. The strong
demand for electric buses from China in combination with the consistent local supply chain is leading to
wide adoption of these vehicles in China.
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3. Scope
The electric buses and vehicle sales in mainland China surged exponentially in the first ten months of
2014, according to a recent report published in the South China Morning Post. The technological roadmap
of China shows rapid innovation in the next decade, which will encourage authorities in cities such as
Beijing, Tianjin, and Hebei to force bus-operators to adopt pollution free alternatives of public transport.
This in turn will augment the demand for pure electric buses not just in China but in the global scenario. In
2014, almost 20,000 new energy buses were added to the public transport fleet in cities like Tianjin,
Hebei, and Beijing. Industry experts foresee tremendous potential for electric buses in China. Increased
demand for electric buses has induced leading manufacturers in the industry to upgrade their
manufacturing systems.

4. Market Participants
Ankai also signed a contract with Beijing Public Transportation Group to supply its pure electric bus to the
city’s public transport system. In addition, JAC Automobile Group has partnered with Kunming Municipal
Government to develop new hybrid buses in Kunming.
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