Market Overview

The Electric Bus Market in China 2013-2018 to 2025: Analysis by Type, Hybrid Powertrain, Length, Battery and Customer -


The "China
Electric Bus Market by Type, by Hybrid Powertrain, by Length, by
Battery, by Customer - Market Size, Share, Development, Growth and
Demand Forecast, 2013 - 2025"
report has been added to's

The Chinese electric bus market is projected to reach 299,866 units by
2025, witnessing a CAGR of 15.9% during the forecast period. The growth
of the market is majorly driven by increasing government support for
electric vehicles and falling battery prices.

The Chinese electric bus market is segmented on the basis of hybrid
powertrain, which includes parallel hybrid, series parallel hybrid, and
series hybrid. Among these, the parallel hybrid category held more than
40% share in the Chinese electric bus market in 2017. However, the
fastest growth during the forecast period is expected from the series
hybrid category, due to the ease in designing and assembling this type
of powertrain, which reduces the overall cost of electric bus.

On the basis of battery, the Chinese electric bus market is segmented
into lithium-iron-phosphate (LFP) and Lithium Nickel Manganese Cobalt
Oxide (NMC) batteries. Among these, the LFP category accounted for more
than three-fourth of the total electric bus sales in the country in
2017. However, the NMC battery category is expected to witness a faster
growth during the forecast period, with the inclusion of NMC batteries
in subsidy schemes (from January 2017) coupled with better
characteristics such as lower self-charge and higher energy density of
it when compared to LFP.

Falling battery prices and increasing operational
efficiencies expected to benefit the market

As battery accounts for significant share of electric bus manufacturing
cost, declining Li-ion battery prices would help bus companies to keep
prices under check. Moreover, increasing battery production capacity
would further lower battery prices in China during the forecast period.
Similar to the case of internal combustion engine, whose costs fell with
decades of experience, the electric vehicle's cost too, would continue
to fall during the forecast period, with industry experience,
operational efficiencies, and economies of scale; thus, driving the
Chinese electric bus market during the forecast period.

Government push is driving the market

The Chinese electric bus market is highly dependent on the government,
which accounted for more than 65% sales in 2017. Buses in the government
sector are used for public transport, transit services, military, and
other purposes. Most of the decisions of purchasing electric buses are
made at the central or state government level, by politicians and other
government employees. The reduction in electric vehicle subsidy would
have a limited impact on the sales of electric buses as the government
sector is less cost sensitive compared to the private sector. Moreover,
the Chinese government has a strong commitment to increase the share of
electric buses in the transportation system of the country.

Furthermore, the penetration of electric buses would be much faster than
other electric vehicles such as cars, as persuading hundreds of bus
fleet operators to choose new technology is a much simpler task for the
government, than to convince millions of car buyers to do the same. It
is expected that majority of conventional buses plying in China would be
replaced by electric ones in the long run, thereby driving the Chinese
electric bus market during the forecast period.

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Regulatory Analysis

Chapter 6. China Market Size & Forecast

Chapter 7. Competitive Landscape

Chapter 8. Company Profiles

  • Zhengzhou Yutong Group Co. Ltd.
  • Higer Bus Company Limited
  • King Long United Automotive Industry Co. Ltd.
  • BYD Company Limited
  • Zhongtong Bus Holding Co. Ltd.
  • Dongfeng Motor Corporation
  • Anhui Ankai Automobile Co. Ltd
  • Shenzhen Wuzhoulong Motors Co. Ltd
  • Liaoning Huanghai Automobile Import & Export Co. Ltd
  • Yangzhou Yaxing Motor Coach Co. Ltd.

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