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Frost & Sullivan: Hybrid and Electric Transit Buses to Roll out the Future of Urban Public Transport

7 pages
Frost & Sullivan: Hybrid and ElectricFrost & Sullivan: Hybrid and Electric Transit Buses to Roll out the Future of Urban Public Transport PR Newswire MOUNTAIN VIEW, California, Oct. 15, 2013 -- Low-cost H&E systems to dominate an environment- and price-conscious global market Rapid urbanization is placing a huge strain on cities' infrastructure and public transit, and consequently creating environmental concerns for governments. Due to the degradation of the atmosphere, governments have to make huge investments in upgrading infrastructure, but will be challenged in this endeavor by their dependence on fuel imports, volatile fuel prices, and increasing reliance on conventional fuels. In order to attain sustainable growth and economical passenger mobility, the transportation industry, especially the transit bus sector, will have to adapt to newer powertrain systems and other advanced technologies, such as connectivity and hub-and-spoke multi-modal urban mobility. Frost & Sullivan's (http://www.automotive.frost.com) latest research focused on the global heavy-duty transit bus market indicates that sales of hybrid and electric (H&E) buses will grow at a compound annual growth rate of 20.6 percent by 2020. It is estimated that global penetration of hybrid buses will reach 9.7 percent by 2020, while electric buses will attain 5.7 percent penetration. Together, H&E transit bus unit shipments will reach close to 42,000 units.
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Frost & Sullivan: Hybrid and Electric Transit Buses to Roll out the Future of Urban Public Transport

PR Newswire

-- Low-cost H&E systems to dominate an environment- and price-conscious global market