Electric Buses to be $500 Billion Market Predicts IDTechEx

IDTechEx's new report "Electric Buses 2018-2038" says the hybrid and electric bus market will grow to $500 billion as city populations grow and regulations increase.

IDTechEx Research

The new IDTechEx Research report "Electric Buses 2018-2038" is about hybrid and pure electric buses, often in many new forms, powering up to be a massive $500 billion market. Most of the top 15 EV manufacturers in the world make, or will soon make buses, including Tesla. The causes of the growing boom in bus purchases are examined in this report, such as increasing city populations and the legal control of pollution and private car usage.

Significant new developments include reinvention of buses in format and function with small buses gaining favor and seeing the most radical changes first such as autonomy and multi-functionality between car, taxi and bus. Bus Rapid Transit is getting more popular and at least 500,000 school buses are going to be pure electric to prevent pollution deaths and save money.

A detailed 20-year technology roadmap predicts the radical change in most electrical and electronic parts in buses - a huge opportunity for parts suppliers with the old Tier One Supplier system breaking down.  

There is a large chapter on China because most of the world's buses are made and used there, and this will not change. Indeed, the Chinese have the most ambitious rollout of bus production across the world and the most radical innovations in many cases.