- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electric bus manufacturers are hampered by the high cost of developing electric buses and coaches, as well as related components such as battery packs and monitoring devices (battery management systems, CAN bus modules). Infrastructure development costs for EVs are also very significant.
Globally, around USD 2.8 trillion is required to create infrastructure. An electric vehicle's battery requires regular and rapid charging using specialised equipment such as electric chargers found only at EV charging stations.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Taiwan Equips New Public Electric Buses with ADAS | It is unquestionably a step in the right direction in terms of providing better service to its citizens. According to the Executive Yuan's proposal, electric buses will replace city buses. | Taiwan | This would enhance better Technological Controls |
| 2 | First Hon Hai-developed electric bus delivered to Kaohsiung City | The Kaohsiung City administration received an electric bus developed by a subsidiary of Taiwan's Hon Hai Technology Group. | Taiwan | This would enhance better Technological Controls |
| 3 | Taiwan firms sell electric buses both at home and overseas | In terms of exports, Foxtron Vehicle Technologies, which is part of the Foxconn Technology Group, is mostly focused on manufacturing electric buses. | Taiwan | This would enhance better Technological Controls |
| 4 | First electric bus from Taiwanâs Foxconn hits the road in Kaohsiung | The electronics behemoth is attempting to establish itself as a viable player in the electric vehicle sector. | Taiwan | This would enhance better Technological Controls |
One of the greatest contributors to global greenhouse gas (GHG) emissions is the transportation industry.
According to the UN Environment Program (UNEP), the transportation sector accounts for around a quarter of all energy-related greenhouse gas (GHG) emissions and is one of the most significant contributors of urban and regional air pollution.
Buses also produced 1.1 percent of total GHG emissions from the transportation sector in 2019, according to the US Environmental Protection Agency (EPA).
RAC EV Inc. is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market.
The RAC is Taiwan's first VSCC-approved electric vehicle manufacturer. Their electric buses are energy-efficient, low-noise vehicles that emit no carbon dioxide and can help mass transit networks save a lot of money.
RAC has effectively integrated industry and supply chain relationships to currently have the capability of integrated vehicle design, power management system development, complete charging services, and the establishment of repair, maintenance, and training programmes for its self-branded electric buses.
Master Transportation Bus Manufacturing Limited has been one of the most advanced solution provider in the used car requirements. This self-developed vehicle manufacturer with a production history of 6,000 units. Master was awarded the WMI CODE, RHV VIN, in 2018 and our manufacturing technology was validated.
Master is also recognised by the government as a certified bus builder for the e-bus DMIT pilot project, as well as a member of the Taiwan E-Bus Representative Team, on February 18th, 2021. It controls many modules, including a Japanese LTO battery and a German Tier 1 in-wheel motor.
| 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 |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.