Market Research Report
Africa Electric Bus Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||964824|
|Published||Content info||80 Pages
Delivery time: 2-3 business days
|Africa Electric Bus Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: August 1, 2020||Content info: 80 Pages||
The Africa electric bus market is anticipated to register a CAGR of about 10% during the forecast period (2020 - 2025).
Battery Electric Bus to Witness Growth
Battery electric buses are expected to lead in the market, as local government initiatives to reduce the emission and reduce the operational cost of public transportation. Various local startups are building their electric bus prototypes which will help the country to create local jobs in the coming future which will in turn boost their economy also. Whereas, global organization is helping the African countries to support electric mobility. For instance, UN Environment is directly supporting twenty major cities in Africa, Latin America, and Asia to prepare plans for moving to low emission public transport, with the adoption of electric buses over diesel.
In 2015, Kiira motors in Uganda tested their electric bus, first of its kind on the Africa Company is setting up a manufacturing plant at the Jinja Industrial and business park where the company plan is to produce 5,000 vehicles annually.
Similarly, in 2019, MiPower launched an electric bus at the Chartered Institute of Government Finance Audit and Risk Officers conference at the Durban International Convention Centre (ICC). The company is looking for government support to create local jobs by setting up a manufacturing plant.
Government participation will drive the Electric Bus Market
African countries are in the following the path of other developing countries for the adoption of electric buses. Local Governments along with various other partners are actively putting their plan for the adoption of electric buses in the future. For instance,
In 2019, Cape Townextending its network of MyCiTi through Phase 2A in which the Transport and Urban Development Authority will focus on renewable energy solutions. Authority is designing route alignments, which will include the sections of the trunk roads, stations, and infrastructure for Phase 2A services.
Morocco's integrated national policy for reducing the effects of climate change and reducing greenhouse gas emissions by 32% by the year 2030, and in 2016, the country came into partnership with a Chinese bank to manufacture electric buses in Morocco with a total investment of MAD 1.2 billion.
Whereas UN Environment has designed the eMob Calculator for buses, which will enable the user to assess the potential of electric and other low emission buses to reduce energy consumption, CO2, and air pollution by the year 2050.
The major players in the market studied include BYD, Yutong, Zhongtong Bus, and King Long, among others. The companies are expanding their presence by making strategic alliances, acquiring regional players, introducing new bus models, and making partnerships with governments. For instance,