Germany electric bus market is estimated to grow at a considerable CAGR during the forecast period. The availability of government and private funding for the deployment of electric buses in the country is among the key factors to drive the Germany electric bus market. In January 2020, the EU Commission had approved an increase of $326 million in Germany’s state aid scheme which is valid by the end of 2021 for the purchase of electric buses and charging infrastructure under its state aid law. The German government is anticipated to use this fund to purchase 2,000 low-maintenance, battery and 10,000 fuel-efficient BS-VI buses in order to adopt an environment-friendly and fuel-efficient public transport system. In addition, in July 2019, the German Federal Ministry for the Environment (BMU) had granted $15.6 million to the five cities namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach for the purchase of around 70 electric buses.
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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 the end-user, the market is sub-segmented into government and fleet-owner.
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Germany Electric Bus Market Segmentation
By Bus Type
Hybrid Electric Bus
Fuel Cell Electric Bus
Battery Electric Bus
By Battery Type
BYD co. Ltd.
COBUS Industries GmbH
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