The UK Electric Bus market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The market growth is attributed to the growth in controlling greenhouse gases (GHG) emissions and the increase in the availability of government and private funding for electric buses. The UK government had invested $72 million to introduce 105 double-decker electric buses between 2019 and 2020.
Moreover, in May 2020, the Low carbon vehicle Partnership (LowCVP) has received government support from the Departments for Transport, Business (BEIS), and Defra’s Joint Air Quality Unit (JAQU), for low GHG emission and its aim to a zero-emission goal by 2050. In February 2020, the UK government has announced the amount of $6.84 billion to support the purchase of over 4000 zero-emission buses that will improve and increase the green journey.
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In February 2020, the department for transport (DFT) has announced a $68.38 million fund for having all-electric buses in the UK, and 19 cities and towns have applied to the all-electric bus competition. In January 2021, Coventry and Oxford took part in the competition and became the first parts of the UK that will run an all-electric bus service. Apart from it, In June 2020, Zenobe energy received the funding of $27.35 million from NatWest, by that agreement the company will make enough batteries to power up to 100 electric buses in the UK.
Market Coverage
Key Questions Addressed by the Report
UK Electric Bus Market Report Segment
By Bus Type
By Battery Type
By End-User