Covid-19 Impact on Europe Electric Bus Charging Station Market CAGR Rapidly Growing in Coming Years

The development of charging infrastructure for electric buses in Europe is highly dependent on government support, as the government sector deploys buses for public transport, military, and transit services. Various subsidy schemes are being introduced by different governments to promote the adoption of electric buses in the public fleet. Resulting, governments and private companies in Europe are making huge investments for the development of charging stations and other infrastructure for electric buses.

Europe Electric Bus Charging Station Market


For instance, in 2018,the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety(BMU) invested $82.7 million in Germany to support public transport operators with procuring plug-in hybrid and electric buses and in the development of the associated charging infrastructure. Owing to such strong support, the electric bus charging station market in Europe will witness a CAGR of 17.8% during 2019–2025. The market was valued at $221.2 million in 2018, and it is projected to reach $697.7 million by 2025.

The increasing adoption of electric buses can be owed to the surging consciousness regarding environmental degradation. This hassled to the implementation of international regulations, like the Paris Climate Agreement, which is committed to the global transition toward a low-carbon economy. With the coming in force of this agreement, the European Union (EU) is also working toward achieving a low-carbon economy, by encouraging the adoption of new-energy vehicles. Within the continent, local bodies, transport organizations, and manufacturers are endorsing a common objective to accelerate the rollout of electric buses, for which the European Clean Bus Deployment Initiative has been formalized.

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According to P&S Intelligence, the U.K. dominated the European electric bus charging station marketing the past, and it will continue its dominance in the foreseeable future. This can be owed to the rising adoption of electric vehicles (EVs) in the country and increasing government support, in the form of non-financial and financial incentives, for the procurement of such vehicles. Moreover, the mounting focus on the establishment of a green mobility solution is accelerating the electrification of its public transit fleets. Thus, the shift toward new-energy buses is strengthening the charging infrastructure in the country.

Thus, the favorable government policies and stringent environmental laws will boost the adoption of electric buses in Europe. This will further accelerate the construction rate of electric bus charging stations in the region.

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