Automotive and Transportation Europe Electric Bus Market Analysis and Forecast | Page 2

Europe Electric Bus Market The demand for electric buses in the Europe has augmented dramatically over the last decade. The market in the country is predominantly driven by rising air quality concerns, high dependence on conventional or non- renewable fuels, strong environmental ethics and the growing need to assimilate renewables into a network. Penetration of charging infrastructure also plays an important role in market development. On the basis of technology, the electric bus market is broadly categorised into hybrid bus, series hybrid bus, parallel hybrid bus, and pure electric bus. In 2016, the highest number of parallel hybrid buses were circulated in Europe; however, shipments of pure electric bus are expected to become the largest by 2018, owing to the high adoption rate of such buses. Major countries in Europe including The U.K., Netherlands, France and Germany stand as key electric bus markets. The U.K. and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of electric bus market in Europe, during the forecast period. P&S Intelligence