Advanced Batteries & Energy Storage Research
Mar 4, 2016
Electric bus sector is game changer for battery market
The electric bus market is growing at a CAGR of 20% in terms of unit sales. The rapid growth is a game changer for the battery market as electric buses require large-sized batteries ranging from 74 kWh (fast charging e-bus) to over 300 kWh (slow charging e-bus). This is why IDTechEx Research forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020.