Tuesday August 28, 2012 0 comments
BOULDER - The global market for electric-drive buses is expected to grow steadily over the next six years with a compound annual growth rate of 26 percent from 2012 to 2018, according to a report by Boulder-based Pike Research.
The report said by 2018 more than 75,000 electric drivetrain buses will be in service around the world.
"The biggest challenge for electric-drive technologies has been the cost premium over conventional diesel buses or buses that run on compressed natural gas," said Lisa Jerram, Pike's senior research analyst.
"Typically, hybrid buses need to show fuel economy improvements of around 40 percent - at current U.S. diesel prices - to pay off the price premium over the life of the bus."
While growth in the e-bus market will accelerate strongly in certain regions, including Eastern Europe and Latin America, the Pike report said by far the largest sales volumes will come in Asia Pacific.
More than 15,000 electric buses will be sold in the Asia Pacific region in 2018 - 75 percent of the world total. North American sales are expected to reach just under 2,500 in that year, the report said.
A free summary of the report, "Electric Drive Buses," is available for download at www.navigant.com/pikeresearch.