The electric bus (e-bus) market is growing at a CAGR of 20% in terms of unit sales. The rapid growth is a game changer for the battery market as electric buses require large-sized batteries ranging from 74 kWh (fast charging e-bus) to over 300 kWh (slow charging e-bus). This is why IDTechEx Research forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020. Indeed, the brand new IDTechEx Research report “Lithium-ion Batteries for Electric Buses 2016-2026” predicts large e-bus battery market will grow to $30bn by 2026, potentially making it the largest segment of the overall battery market
Electric Bus Sector is Game Changer for Battery Market
Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.