27 Aug '12, 8am

Hybrids Capture 40% of Transit Bus Market, Report Says

According to the Pike Research report, “Electric Drive Buses,” 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. By 2018, more than 75,000 electric drivetrain buses will be in service around the world, the report concludes. “The biggest challenge for electric-drive technologies has been the cost premium over conventional diesel buses or buses that run on compressed natural gas,” says senior research analyst Lisa Jerram. “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 improve...

Full article: http://www.busworld.org/articles/detail/1580

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