China electric bus market is estimated to grow at a significant CAGR during the forecast period. The cohesive government policies and initiatives to minimize exhaust emissions in the country is a major factor to drive the growth of the China electric bus market. For instance, in China, the Ministry of Transport (MOT) provides subsidies and tax incentives to electric automobile manufacturers for the manufacturing of low-emission bus fleet. In October 2018, Shenzhen public bus operator was granted subsidies of $72,150 for the running of its electric vehicles. Moreover, China is taking first-mover advantage in the electric bus market owing to the presence of key market player BYD Co. Ltd. in the country. 

The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on end-user, the market is sub-segmented into government and fleet owners. 

BYD Co. Ltd., AB Volvo, Anhui Ankai Automobile Co., Ltd., China FAW Group Co., Ltd., Foton Motors, Higer Bus Co. Ltd., and Proterra Inc. are some of the key market players operating in the China electric bus market. BYD is a major market player owing to its increasing number of orders for electric buses from the domestic, as well as international markets. For instance, In December 2019, the company received an order of 259 buses from Keolis Nederland BV. In November 2019, the company received an order of 130 battery-electric K7M buses from the Los Angeles Department of Transportation (LADOT). 

Research Methodology

The market study of the China Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China Electric Bus Market Research and Analysis by Bus type 

2. China Electric Bus Market Research and Analysis by Battery Type

3. China Electric Bus Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the China Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China Electric Bus market.
• Insights about market determinants which are stimulating the China Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.