Electric buses will lead the global electric vehicle market by 2030

According to new statistics from Bloomberg New Energy Finance (BNEF), electric buses will lead other low-carbon transportation vehicles as sales of electric vehicles grow rapidly in the late 2020s
.

Electric buses will lead the global electric vehicle market by 2030

The data shows that by 2030, electric buses will account for 84% of the global bus market, surpassing the growth of electric vehicles and is expected to account for 28%
of sales.

By 2019, the cost of ownership of electric buses in almost all charging configurations will be lower than that of traditional municipal buses
.

More than 300,000 electric buses are already on the road
in China.
Due to the significant drop in battery costs and mass production, it is estimated that the number will increase
rapidly.

Global EV sales reached a record 1.
1 million last year, 11 million by 2025 and 30 million by 2030 because they are cheaper
than conventional internal combustion engine vehicles.

Colin McKerracher, principal analyst for advanced transportation at BNEF, said: "The new feature of this forecast is electric buses
.
China leads this market by a huge margin, accounting for 99%
of the world total last year.
The rest of the world will continue this trend as well, with 80% of the world's municipal bus fleet expected to be electric by 2040
.
”

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