Adhesives & Sealants Headlines / News

More Than 75,000 Electric-Drive Buses will be on Roads Worldwide by 2018

August 24, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

The global market for electric-drive buses is expected to grow steadily over the next six years, with a compound annual growth rate of 26% from 2012 to 2018, according to a recent report from Pike Research, which is part of Navigant’s Energy Practice. By 2018, more than 75,000 electric drivetrain buses are expected to be in service around the world.

“The biggest challenge for electric-drive technologies has been the cost premium over conventional diesel buses or buses that run on compressed natural gas,” said Lisa Jerram, senior research analyst. “This premium has maintained for hybrids, even as they have seen significant adoption in the North American market. Fuel economy savings are critical to making the case for bus operators to pay more, especially in developed countries that are facing increasing austerity in their public budgets. Typically, hybrid buses need to show fuel economy improvements of around 40%, at current U.S. diesel prices, to pay off the price premium over the life of the bus.”

While growth in the e-bus market will accelerate strongly in certain regions, including Eastern Europe and Latin America, by far the largest sales volumes will come in the Asia-Pacific region, the study finds. More than 15,000 electric buses will be sold in the Asia-Pacific in 2018—75% of the world total. North American sales are expected to reach just fewer than 2,500 in the same year.

For additional information, visit www.navigant.com/pikeresearch

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px