Singapore Electric Bus Market 2024-2030
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Singapore Electric Bus Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

SINGAPORE ELECTRIC BUS MARKET

 

INTRODUCTION TOSINGAPORE ELECTRIC BUS MARKET

The Urban Redevelopment Authority (URA) as well as Land Transport Authority (LTA) would establish 620 Charging stations in municipal car parks island wide to encourage more Singaporeans to buy electric vehicles (EVs), with plans to generate extra solar energy from transportation infrastructure.

 

Infographic: Singapore Electric Bus Market, Singapore Electric Bus Market Size, Singapore Electric Bus Market Trends, Singapore Electric Bus Market Forecast, Singapore Electric Bus Market Risks, Singapore Electric Bus Market Report, Singapore Electric Bus Market Share

 

However, extending the electrification of buses in transportation networks has numerous substantial hurdles. As a result, bus electrification could increase electricity demand while also dramatically altering the spatial-temporal forms of demands, thus posing a threat to existing infrastructure.

 

SINGAPORE ELECTRIC BUS MARKET DEVELOPMENTS AND INNOVATIONS

 

S NoOverview of DevelopmentDevelopment DetailingRegion of DevelopmentPossible Future Outcomes
1New fleet of 20 fast-charging electric buses to enter serviceIt is the final batch of the 60 electric buses ordered by the Land Transport Authority (LTA) in 2018.SingaporeThis would enhance better Technological Controls
2New 3-door electric buses, charging stationsThe Land Transport Authority (LTA) is getting closer to realising its electric car goals. It announced the introduction of 20 all-electric single-deck buses.SingaporeThis would enhance better Technological Controls
320 More Electric Buses Deployed for Passenger ServiceSince November 2020, 40 electric buses have been deployed for passenger service. BYD (20 single-deck buses) and the Yutong-NARI Consortium provided them.SingaporeThis would enhance better Technological Controls
4First batch of 10 electric buses delivered in SingaporeThe first shipment of ten electric buses has arrived in Singapore. Over the course of the rest of the year, another 50 vehicles will be released.sSingaporeThis would enhance better Technological Controls

 

SINGAPORE ELECTRIC BUS MARKETCOMPETITIVE LANDSCAPE

The electric bus industry in Singapore is expected to increase between 2020 and 24. Furthermore, the country's market is being boosted by favourable government policies and operations.

 

Singapore is introducing new fully electric buses for public transportation as part of a national effort to achieve its 2030 objective for sustainable development. This is part of a longer-term plan to electrify all 5,800 public buses in Singapore by 2040.

 

Yutong Inc. is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The Light-weighting, intelligent control, high-efficiency electric drive and brakes, high-efficiency electrical accessories, and other technologies all contribute to the E-series products' ultra-low energy usage.

 

The fuel costs only 20% of that of diesel buses, significantly lowering operational expenses; the stepless speed shift minimises driver labour intensity. The air conditioner, defroster, and heating were all turned on when the outside temperature reached 210°C, and the bus was mostly full or overcrowded.

 

ZhongTong Bus has been one of the most advanced solution provider in the used car requirements. The LCK6122EVG coach is 12 metres long and has a full-load capacity, making it ideal for medium- and large-scale public transit systems.

 

The bus boasts a good internal architecture as well as a tidy exterior. Not only that, but the motor coach also has superb dynamic qualities, high dependability, high safety, low energy consumption, and consistent performance thanks to modern manufacturing procedures and high-quality components.

 

Professional chassis, Lithium ion battery pack, constantly variable transmission gearbox rear-mount motor, rear wheel drive system are all reliable vehicle elements and setups.

 

SINGAPORE ELECTRIC BUS MARKETCOMPANIES PROFILED

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix