US Electric Bus Market, 2015-2024: New York City has Articulated that the City's 5,700 Buses will be Zero-Emission Electric by 2040 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "U.S. Electric Bus Market by Vehicle Type, by Length, by Battery, by Charging Type - Market Size, Share, Development, Growth, and Demand Forecast, 2015 - 2024" report has been added to ResearchAndMarkets.com's offering.

Growing preference for depot charge buses is the key trend observed in the U.S. electric bus market. Battery electric buses are currently offered in two models. One is a short-range bus that uses small on-board batteries for traction, which are charged en route. The other is an extended-range bus that is equipped with larger on-board batteries, which undergo slow overnight charging. In the past, the majority of the buses procured in the country were on-route charge buses; however, recent procurement orders have majorly been for depot charge buses. This is due to the similar operational characteristics of these buses as those of conventional diesel buses. Furthermore, with improving battery technology, the range of depot charge buses is improving, enabling longer route coverage.

Unlike ICEs, electric buses offer life cycle-cost advantages, as they convert electric energy into motion more efficiently and have comparatively less moving parts. These factors make them less complicated and cheaper and also facilitate more power generation for propulsion and easy maintenance over the time. Due to these benefits, many local governments in the country are planning to make their bus fleets all-electric in the next few years. New York City, which has the largest bus network in the U.S. articulated that the city's 5,700 buses will be zero-emission electric by 2040. Furthermore, Los Angeles, which has the country's second-largest bus fleet network, plans to transform all 2,300 buses to electric by 2030. Thus, long-term economic benefits to transit agencies can be viewed as one of the major factors boosting the growth of the U.S. electric bus market.

In April 2019, Allison Transmission Inc. unveiled new ABE series, the first e-axle advanced ultra-low floor electric bus powertrain system at the Advanced Clean Advanced Clean Transportation Expo. Furthermore, in December 2018, NFI Group Inc. announced that it was awarded a contract for seven 40-foot battery electric Xcelsior Charge heavy-duty transit buses by the Victor Valley Transit Authority (VVTA).

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Vehicle Type

1.3.2 Market Segmentation by Length

1.3.3 Market Segmentation by Battery

1.3.4 Market Segmentation by Charging Type

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.3.6.1 Volume

1.3.6.2 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Vehicle Type

4.1.2 By Length

4.1.3 By Battery

4.1.4 By Charging Type

4.2 Value Chain Analysis

4.3 Electric Bus Funding Scenario

4.4 Market Dynamics

4.4.1 Trends

4.4.2 Drivers

4.4.3 Restraints

4.4.4 Opportunities

4.5 Porter's Five Forces Analysis

Chapter 5. U.S. Market Size and Forecast

5.1 By Vehicle Type

5.2 By Length

5.3 By Battery

5.4 By Charging Type

5.5 Major Electric Bus Deployment Initiatives

5.6 Electric Buses in Service and On-Order by State

Chapter 6. Policy and Regulatory Landscape for Electric Bus

6.1 Electric Buses

6.1.1 Overview

6.1.2 Incentive Schemes and Programs

6.2 Electric Bus Projects in the Pipeline

Chapter 7. Competitive Landscape

7.1 Market Share Analysis of Key Players

7.2 Product Benchmarking of Key Players

7.3 Strategic Developments of Key Players

7.3.1 Client Wins

7.3.2 Partnerships

7.3.3 Geographic Expansions

7.3.4 Other Developments

Chapter 8. Company Profiles

8.1 Proterra Inc.

8.2 BYD Motors Inc.

8.3 NFI Group Inc.

8.4 GreenPower Motor Company Inc.

8.5 GILLIG LLC

8.6 Blue Bird Corporation

8.7 Nova Bus Corporation

8.8 The Lion Electric Co.

For more information about this report visit https://www.researchandmarkets.com/r/199jjp