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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The electric hybrid bus is a mode of transportation that runs on electricity. The electric motor in such a vehicle gets its power from the on-board batteries and external power sources.
In addition, the ASEAN region faces a number of obstacles in accelerating the transition to ZEVs, including higher EV prices compared to low-cost ICE vehicles, a lack of ZEV-related regulations that would send a strong signal to automakers about ZEV adoption, insufficient charging connectivity, and a lack of technical expertise in EV batteries, manufacturing, and operation.
The increase in air pollution is a crucial element that is expected to drive the global electric bus market forward throughout the forecast period.
Various European governments are implementing measures and actions to reduce pollution, which is driving up demand for electric and hybrid electric vehicles.
With the advent of technology, governments in both developing and developed countries are working to reduce pollution. While pollution comes in many forms, air pollution has become ubiquitous, increasingly strangling everyone's throats and leaving no room for fresh air.
Today's commuting amenities, such as cars, buses, and taxis, are adding more and more to air pollution. Due to the obvious dangers of air pollution, governments in both developing and developed countries are working to reduce the threat.
The country's large quantity of OEMs, as well as the region's scaling up of electric bus production, are expected to boost the region's electric bus market growth.
Asia Pacific is predicted to acquire significance in the market in the next years, owing to rapid advances in China. This market's growth is predicted to be primarily driven by the increasing global focus on promoting electric mass transit systems. The government's support for electric vehicle adoption is moving the sector forward.
Higer is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The CATL Lithium Ion Batteries, which produce 174 kW of power, power the all-electric bus.
CATL is one of the world's largest battery producers, with supply agreements in place with Toyota, Mercedes, Jaguar Land Rover, BMW PSA Group, as well as Higer Bus.
Every car also comes with its own CCS2 DC fast-charging infrastructure, which allows for a complete charge in under two hours, maximising on-road time while lowering operating expenses.
BYD Inc. has been one of the most advanced solution provider in the used car requirements. The State-of-the-art batteries, controllers, and motors are among 6F's core competencies.
BYD develops, tests, and manufactures these fundamental technologies as a complete system. The BYD 6F is able to reach the highest standard of achievement, endurance, and dependability because of this.
The integrated software for superior performance in medium-duty applications optimises the power and torque. The BYD 6F, when combined with BYD's superior battery chemistry, has more than enough energy to work for the full day while emitting zero emissions.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |