Who’s Driving EVs?

EVs (electric vehicles) offer huge opportunities—at least that’s the hope—not just for consumers, but also for businesses. From airplanes to mail carriers to buses, EVs (electric vehicles) are coming to all aspects of our cities, although some areas are moving a little bit faster than others.

IDTechEx suggests the electric buses market is booming with sales growing in Europe, America, India, and other key regions. In fact, research shows more than half of all city bus sales in Europe in 2023 were electric (battery and fuel cell) and that some regions are ahead of the European Union’s target for 100% of new city buses to zero emissions by 2035. But here’s the rub, in the coach segment, only around 1% of sales were electric across the same period. So, what gives?

What’s Driving EVs?

Certainly, there are some markets that are better suited for electric vehicles, and it seems city buses are proving to be a good candidate for electrification, according to IDTechEx.

Let’s delve into this from a bit of a historical and geographical context. Buses were one of the first transportation sectors to demonstrate they could be completely electrified. In China, for example, sales began at pace in the early 2010s and reached a peak in 2016 when almost 140,000 electric buses were sold in a single year. While the sales figures have since declined and then plateaued, the overall bus fleet is now more than 77% electric.

https://connectedworld.com/whos-driving-evs/