As per an article on Bloomberg, the number of electric buses in operation in the U.S. rose from 300 in 2018 to 650 in 2019, and by 2045, this number would increase to more than 35,000!As per the International Energy Agency (IEA), carbon emissions in the country stood at 4,766.4 million tonnes of carbon dioxide equivalent (Mt of CO2e) in 2019, the second-highest in the world, after China. Moreover, as per the Environmental Protection Agency (EPA), the transportation sector of the country is the largest carbon emitter, accounting for 28% of all emissions in 2018.
This is why the federal, state, and county governments are trying to electrify their public transport with the addition of electric buses. P&S Intelligence considers this to be the most important factor that would drive the U.S. electric bus charging station market from $20.9 million in 2018 to $184.5 million by 2025, at a monumental 37.1% CAGR between 2019 and 2025 (forecast period). Just like conventional buses need gas stations, electric buses need charging stations, also known as electric vehicle supply equipment (EVSE).
Thus, with the strong government support for the adoption of electric buses in the U.S., the installation rate of EVSE shows a vast potential to increase in the years to come.
Market Segmentation by Product
- Plug-In Charging
- Pantograph Charging
- Inductive Charging
Market Segmentation by Connector
Market Segmentation by Charger
Market Segmentation by Charging
- Fast Charging
- Slow Charging