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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
In Hong Kong's century-long history of public bus services, the introduction of the double-decker electric buses marks another significant turning point. With a 450kWh battery, the electric double-decker bus has an estimated range of more than 200km.
The government committed to buy 36 electric buses for the city's transportation businesses in an effort to enhance roadside air quality and lower greenhouse gas emissions from petrol-powered buses. The five buses were the first to go on the road.
Electric buses don't emit any exhaust. In Hong Kong, a successful switch from conventional diesel franchised buses to electric buses might dramatically improve the air quality along the highways.
The Hong Kong Electric bus market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The road map for reaching carbon neutrality includes the addition of new electric vehicles by Hong Kong bus operator KMB. New buses on Route 6 through Nathan Road, go into operation.
The company will stop purchasing buses with diesel engines and eventually run an entirely electric fleet.
The 16 brand-new neon-green buses on Route 6, which connects Tsim Sha Tsui Pier and Lai Chi Kok, entered service. The 8 km route travels via Nathan Road, a major road, and takes less than an hour to complete.
The fifth wave of Covid-19 prevented the bus operator from launching the buses on schedule before the Lunar New Year. It intends to operate an entirely electric fleet.
The 81 passenger capacity of the new single-deck buses is 16% larger than that of the previous model. In addition to preventing the battery from overheating, a new water-cooling system also lowers the likelihood of malfunctions.
Single-deck buses now only require one hour and 40 minutes to charge instead of the previous two hours, and they can go 200 km on a single charge. According to Lam, the buses can operate for an entire day on a single full charge.
| 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 |
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