SOUTH KOREA ELECTRIC BUS MARKET

 

INTRODUCTION

Conventional electric bus battery packs have low capacity, high charging times, and restricted range per charge. The charging-discharging performance of batteries deteriorates dramatically in cold regions, finding it challenging for the battery packs to deliver maximum power.

 

 

The time it takes to charge an electric bus with today’s market technology is quite long, resulting in wasted time. With a 7 kW charging outlet, charging an electric vehicle from zero to 100 percent takes more than four hours on average.

 

SOUTH KOREA ELECTRIC BUS MARKET DEVELOPMENTS AND INNOVATIONS

 

S No	Overview of Development	Development Detailing	Region of Development	Possible Future Outcomes
1	Chinese e-buses command nearly 40% share in Korea, e-truck to arrive H2	Over the previous few years, Chinese electric buses have successfully invaded the South Korean electric bus market, capturing about 40% of the market.	South Korea	This would enhance better Technological Controls
2	Hyundai Motor’s electric bus catches fire in South Korea	In South Korea, an electric bus produced by Hyundai Motor Co caught fire while in use.	South Korea	This would enhance better Technological Controls
3	Seoul ramps up efforts to transition to electric transportation	By 2025, the Seoul Metropolitan Government hopes to have 270,000 electric vehicles on the road for public transportation.	South Korea	This would enhance better Technological Controls
4	S. Korea to acquire 624 H2 fuel cell buses by 2025	The port cities of Busan and Ulsan, as well as the province of South Gyeong sang, will receive 624 hydrogen buses.	South Korea	This would enhance better Technological Controls

 

SOUTH KOREA ELECTRIC BUS MARKET COMPETITIVE LANDSCAPE

One of the primary factors driving the growth of the South Korean electric bus market is the country’s fast rising urbanization, which necessitates improvements in public transportation, as well as a well-coordinated government plan to electrify public transportation.

 

South Korea’s government has set aside $609 million in subsidies for battery electric vehicles and the building of charging infrastructure in 2020, which is expected to help the electric bus market grow.

 

Hyundai Trucks and Bus is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. HMC’s zero-emission buses seems to be the result of its designers’ never-ending quest for commercial trucks that are practical, reliable, and unique.

 

This breakthrough, which is in line with the era of smart globalization, embodies the exquisite mix of CV engineers’ experience and expertise. With its modern design that is equivalent to that of advanced countries, the new model, Elec City, has re-established the character of modern mass transit. It also hints to Hyundai’s plans and mind-set.

 

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 optimizes 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.

 

SOUTH KOREA ELECTRIC BUS MARKET COMPANIES PROFILED

• Hyundai Inc.
• BYD Auto Co., Ltd
• Proterra, Inc.
• Volvo
• Olectra Greentech Limited
• Tata Motors
• Toyota
• Edison Motors
• Higer Bus Co. Ltd.
• Nissan
• Daimler
• Mitsubishi
• General Motors Co
• Hyundai Kia Group JV
• Zentropy
• EmVcon
• CT&T United
• Ioniq Inc.
• Jinwoo SMC