Half of world public buses will be electric by 2025

Nearly half of the municipal buses on the road worldwide will be electric within seven years.

The total number of electric buses servicing the public will more than triple by 2025, according to a new report released by Bloomberg New Energy Finance (BNEF). In 2017, there were 386,000 electric buses in service. The BNEF report predicts that number will balloon to about 1.2 million in the next seven years, meaning approximately 47 percent of the global municipal bus fleet will be running on electricity.

China is expected to dominate this push. According to Aleksandra O’Donovan, the study’s author and BNEF analyst: “China will lead this market, due to strong domestic support and aggressive city-level targets.” His analysis concludes that China’s buses will account for 99 percent of the world’s battery-powered buses.

This is not a trend unique to China. New York City is also working to introduce more all-electric buses into service. The Metropolitan Transportation Authority (MTA) released information at the beginning of the year that it is currently testing a fleet of 10 electric buses to help modernize the city’s massive transit fleet. According to a 2016 report by Judah Aber at Columbia University, switching the entire MTA fleet of buses to electric buses would result in an annual reduction of 575,000 metric tons of carbon dioxide emissions within the city.

Source: Blommberg & Futurism

Photo credit : © Unsplash

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