Electric Bus Charging Station Market Outlook and Opportunities in Grooming Regions

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The growing usage of electric buses in public transport fleets in various countries is one of the major factors propelling the demand for electric bus charging stations around the world. With the enactment of the Kyoto Protocol in 192 countries in 2005, many countries are rapidly implementing policies aimed at facilitating their transition towards low carbon economies. Incentive programs such as subsidies, grants, and tax rebates are increasingly being launched by various governments for improving the electric bus charging infrastructure.

Electric Bus Charging Station Market Outlook


For example, a budget of $82.7 was allocated by the European Commission in February 2018 for deploying plug-in-hybrid and electric buses in various public fleets and the development of related charging infrastructure and facilities such as charging stations. Similarly, the Chinese government installed as many as 500,000 new public charging stations in the country from 2015 to 2020 for ensuring the smooth operation of electric buses all over the country.

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Besides the aforementioned factors, the soaring investments being made for the development of electric bus charging stations are also positively impacting the demand for these charging stations across the globe. This is, in turn, fueling the expansion of the global electric bus charging station market. As a result, the market valuation is predicted to rise from $6.6 billion in 2018 to $12.3 billion by 2025. Furthermore, the market will grow at a CAGR of 9.7% from 2019 to 2025.

Globally, the electric bus charging station market registered the highest growth in Asia-Pacific (APAC) in the past, due to the large-scale deployment of electric buses in China. In the forthcoming years, the demand for electric bus charging stations will rise rapidly in North America, as per the estimates of the market research company, P&S Intelligence. This is credited to the increasing implementation of various government initiatives aimed at promoting the adoption of electro mobility solutions in the region.

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Hence, it is safe to say that the demand for electric bus charging stations will skyrocket all over the world in the coming years, primarily because of the rising adoption of electric buses in public transport fleets and the increasing enactment of favorable government policies and regulations regarding the usage of electric buses in several countries. 

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