According to a recent report from China , the electric bus market is growing at around 75% per year in unit sales, which is “a game changer” for the battery market, as these buses require large-sized batteries ranging from 30bn (for a fast charging e-bus) to over 300 kWh (for slow charging e-buses). As a result, the research house forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020 and reach $ 74 kWh by 2026 . "We expect that this sector will alter the entire value chain for battery production from material suppliers, battery manufacturers through to original equipment manufacturers," said IDTechEx. This is big news for China , as currently almost all the world’s electric buses are produced there, as are 20% of batteries.
According to a recent report from IDTechEx, the electric bus market is growing at 20% per year in unit sales, which is “a game changer” for the battery market, as these buses require large-sized batteries ranging from 74 kWh (for a fast charging e-bus) to over 300 kWh (for slow charging e-buses). As a result, the research house forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020 and reach $30bn by 2026. "We expect that this sector will alter the entire value chain for battery production from material suppliers, battery manufacturers through to original equipment manufacturers," said IDTechEx. This is big news for China, as currently almost all the world’s electric buses are produced there, as are around 75% of batteries.