Canada Electric Bus Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

 

Canada electric bus market is estimated to grow at a significant CAGR during the forecast period. The on-going projects regarding the efficiency of the electric buses in the country to drive the regional growth of the market. Moreover, the government initiatives to surge the adoption of zero-emission buses and charging infrastructure will drive the growth of the Canada electric bus industry in the near future.

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In October 2020, the government of Canada announced to allocate $1.5 billion for accelerating the adoption of zero-emission buses and charging infrastructure. The fund is a part of a larger three-year, $10-billion ‘Growth Plan’ of the clean energy projects. Moreover, in the same month, the Canadian Urban Transit Research and Innovation Consortium (CUTRIC) announced to invest $999,000 in eCamion, an Ontario-based energy storage solution company. The funds will be used for the development of electric bus charging system.

Apart from this, the Government of Canada in December 2020 announced its plan for the City of Ottawa to invest $9.3 million, including the purchase of four long-range 40-foot battery-electric buses, along with the necessary supporting infrastructure. With such initiatives and investments, the government aims to bring 5,000 electric buses out on Canadian roads in the next few years.

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Market Coverage

·        Market number available for – 2018-2025

·        Base year- 2018

·        Forecast period- 2019-2025

·        Segment Covered- By Bus Type, By Battery Type, and By End-User

·        Region Covered- Canada

·        Competitive Landscape- Proterra Inc., BYD Co. Ltd., COBUS Industries GmbH, Cummins Inc, and GILLIG LLC.

Key Questions Addressed by the Report

·        What is the market growth rate?

·        Which segment dominates the market in the base year?

·        Which segment will project the fastest growth in the market?

·        How COVID-19 impacted the market?

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

Canada Electric Bus Market Report Segment

By Bus Type

·        Hybrid Electric Bus

·        Fuel Cell Electric Bus

·        Battery Electric Bus

By Battery Type

·        Li-ion

·        NiMH

·        Others

By End-User

·        Government

·        Fleet Owner

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Company Profiles

·        Alexander Dennis Limited

·        BYD co. Ltd.

·        COBUS Industries GmbH

·        Daimler AG

·        GreenPower Motor Company Inc.

·        New Flyer Industries Canada ULC

·        NFI Group Inc.

·        Proterra Inc.

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