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Geopolitical crises and high inflation prompted most central banks to raise interest rates in 2022, derailing the post-pandemic recovery. Energy costs increased manifold, impacting demand- and supply-side participants equally. Oil prices reached record highs as countries cut dependency on Russian imports, with the price of Brent crude oil reaching ...

Advanced powertrain technologies, such as hybridization and electrification of transit buses, will find huge demand and this decade will mark an accelerated growth story for both these green technologies. The study captures the key emerging trends in the global heavy duty hybrid and electric transit bus market with an emphasis on technologies trend...

16 Dec 2022  |  North America  |  Market Research

Growth Opportunities in Global Fuel Cell Transit and Coach Buses

Future Growth Potential of Fuel Cell Buses Among Fleets will be Influenced by Regional Impetus for Carbon Neutrality

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To meet international climate targets and develop sustainable zero-emission technologies, the mobility industry is expediting the transition to powertrain electrification and gradually reducing dependence on diesel powertrains. In addition to stringent emission norms, subsidies, and tax exemptions, governments are promoting the use of alternative p...

The demand for school buses globally is expected to grow steadily despite rising oil and commodity prices. Total school bus shipments, estimated at about 92,561 units in 2017, are expected to increase to 109,575 units in 2025, reflecting a compound annual growth rate (CAGR) of 2.1%. North America is the largest contributor to the global school bus ...

The growing impetus on greenhouse gas (GHG) emission regulations, drop in battery prices, and purchase subsidies on electric vehicles (EVs) are certain to accelerate the growth of electric buses across the globe. Rapid technology developments with respect to battery chemistry, powertrain architecture, and motors are propelling the market, which wil...

Electric buses will find traction across major regions driven by emission regulations, battery price drop, the emergence of low emission zones, purchase subsidy, and tax exemptions. The growing adoption of electric transit buses has enabled global sourcing and supply chain for alternate powertrain buses. The market is witnessing strong collaborati...