Frost & Sullivan expects the electric bus charging industry to grow rapidly as demand for electrified vehicles increases. While legacy infrastructure players continue to dominate the sector, start-ups and technology companies are entering the charging space, eager to accelerate adoption with ultrafast and wireless charging innovations.
Aside from depot charging, opportunity charging technology and in-transit charging are gaining traction in urban transit as a solution to reduce emissions and address the operational challenges of fuel-powered buses. Europe, with its strict emission goals, is emerging as an important market in the development of charging infrastructure and technology, including high-power charging systems for electric buses.
Collaborations between established bus manufacturers, charging system providers, start-ups, and policymakers focused on green energy will be crucial in the coming decade. The industry will continue to evolve to the point that electric buses contribute significantly to the decarbonization of the transportation sector.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
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