Global Electric School Bus Market 2022-2027

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    GLOBAL ELECTRIC SCHOOL BUS MARKET

     

    INTRODUCTION

    Electric school buses are a specific kind of electric vehicle (EV) with quiet operations that improve driver concentration while driving.

    Infographics-Electric School Bus Market, Electric School Bus Market Size, Electric School Bus Market Trends, Electric School Bus Market Forecast, Electric School Bus Market Risks, Electric School Bus Market Report, Electric School Bus Market Share

    Compared to typical school buses that are powered by diesel, propane, gasoline, or compressed natural gas, it requires less maintenance (CNG).

     

    With vehicle-to-grid (V2G) technology, it contributes to operating cost reduction, the creation of new jobs in green manufacturing, and the provision of useful renewable energy storage.

     

    The Heavy capital expenditures and sizable down payments are necessary for the purchase of electric buses and PHEV buses.

     

    GLOBAL ELECTRIC SCHOOL BUS MARKET NEW ACQUISITION

     

    Thanks in part to financing from the Virginia Department of Environmental Quality, the Harrisonburg Department of Transportation will shortly move forward with the purchase of two electric school buses and accompanying infrastructure.

     

    The Clean School Bus Program awarded the funds to HDPT, who will use them to pay for the accompanying charging infrastructure as well as the difference between the price of two new diesel school buses and two electric school buses.

     

    In order to add the two vehicles to the school bus fleet in the upcoming years, staff will start the acquisition procedure. The market availability of the vehicles and necessary materials will determine when these buses will enter service.

     

    One of the seven main areas of concentration in the Harrisonburg Vision plan, according to HDPT, is the usage of electric buses and other environmental conservation initiatives.

     

    According to Parks, the city believes that the buses will encourage locals to adopt more ecologically friendly practises. As electric buses become more reasonably priced, Parks stated that the city intends to increase their number.

     

    He continued by saying that the city intended to construct a multi-modal transit hub there that would use ride-sharing and other ecologically friendly practises.

     

    GLOBAL ELECTRIC SCHOOL BUS MARKET DEVELOPMENTS AND INNOVATIONS

    One of its main sources of global greenhouse gas (GHG) pollutants is the transportation industry.

     

    The transport industry is one of the biggest contributors to urban and regional air pollution, making up about a quarter of all energy-related greenhouse gas (GHG) emissions, according to the United Nations Environment Program (UNEP).

     

    Due to the strong demand for electric buses from nations like China, Japan, South Korea, and India, the market in the Asia Pacific region is anticipated to grow at the highest rate.

     

    To further minimise automobile emissions, China has deployed a large number of electric buses. For instance, BYD provides the most well-known electric buses in the world, the K8 and K9, which range in length from 9 to 14 m and have a range of 155 and 190 miles, respectively. Thus,

     

    COMPETITIVE LANDSCAPE

    In accordance with the industry trend, electric buses have zero or minimal emissions as compared to traditional buses that are propelled by diesel or gasoline engines. Significant attention being paid by many nations to the promotion of electric transit options would boost market data.

     

    E-buses are becoming more and more popular, which is motivating business owners to spend money on R&D to develop new goods. The main element limiting market growth is the high initial cost of electric buses. 

     

    Lion Electric Co. is a leading mobiliser of the equipment in the market. The latest integration has been the only purpose-built zero-emission option, the LionC stands out.

     

    The eLionC electric motor has the same amount of power as or even more than normal diesel engines in the school transportation sector, with a maximum output of 250 kW and 2500 Nm of torque (335 HP, 1800 ft-lb).

     

    A touchscreen provides real-time battery charge status information and enables thorough eLionC component troubleshooting. To maximise return on investment and school bus route design, Lion offers a variety of solutions.

     

    Blue Bird Corporation is part of the component manufacture trending companies in the current industry. The new bluebird has been the latest integration wherein depending on the route taken and the driver’s habits, Blue Bird’s electric buses have a range of up to 120 miles on a single charge.

     

    The Cummins PowerDrive technology found in the Blue Bird Vision and All American buses has an integrated telematics control software that makes it simple to operate and maintain the bus over the course of its lifespan. Buses powered by Blue Bird Electric may be charged in around 8 hours. 

     

    COMPANIES PROFILED

    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, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    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, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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