Bloomberg reports: By 2025, China will have 99% of the world’s electric buses

bus-China

According to a study by Bloomberg New Energy Finance (BNEF), nearly half of the world’s buses will be fully electrified by 2025, and China will be the leader in this trend.As of 2017, there are 386,000 electric buses roaring around the world, but by 2025 this figure will triple to 1.2 million vehicles, equivalent to 47% of the buses in the world being fully electrified. Among them, Aleksandra O’Donovan, author and concurrently BNEF analyst at Bloomberg New Energy Finance, said China will become the leader of this trend with a clear urban policy and support of up to 99%.

“Evobsession” reports that Shenzhen, which claims to be a Silicon Valley in China, has a population of more than 12 million and completed a 100% electric bus conversion by the end of 2017 at 16,359 cars, far exceeding the total number of five largest bus fleets in North America. The total government subsidy amounted to 490 million US dollars.

In addition to Shenzhen, countless cities in China are fully sprung in the electric bus transition, from January 2017 onwards, in January, Yangshan, Guangdong invested 40 pure electric bus operation; in February, Kaifeng announced 610 electric buses prepared one after another In March, Beijing added 70 double-decker electric buses; in April, Xiamen invested 200 new pure electric buses; in July, Shenyang announced that 2,300 diesel buses will be eliminated and replaced by electric buses in 2 years; In November, Chancheng District, Foshan, Guangdong announced plans to phase out all its diesel buses by the end of 2018 and fully electrified in 2020.

The above examples are just the tip of the iceberg, Tim Dixon in the “evobsession” article sorted out more projects.

Although the cost of electric buses is more expensive than conventional diesel or gas, the overall cost is cheaper than the older ones considering the fuel consumption and maintenance costs. With the gradual decline of the battery prices, it is estimated that by 2026, The cost is enough to compete with the diesel bus.

However, the cost is still the biggest obstacle to the transition, preventing other countries’ government transport departments from accelerating their investment. A report published by Columbia University in 2016 notes that although the cost of electric buses is 300,000 U.S. dollars more than diesel buses, the annual cost savings for an electric bus is about 39,000 U.S. dollars, which is equivalent to an increase of 12 years of service life of buses.

In addition to China, New York is also striving to launch more electric buses to manage public transport in New York City, the United States. The Metropolitan Transportation Authority (MTA) announced early last month that they are testing 10 electric bus fleets that have passed the test Will be prepared to order 60 vehicles. The Columbia University report also estimates that reducing the 575,000 tons of carbon dioxide in New York City each year by converting all of the MTA-managed traditional fuel buses to electric buses.

source:BNEF

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