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). Electric bus sales worldwide are growing at a rate of 20 per cent a year and could prove a "game changer" for the fast-expanding global battery market, according to a new report from research firm 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 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.