By 2030, electric buses will account for 84 % of the global passenger car market

According to new statistics from bloomberg new energy finance (BNEF), electric passenger cars will lead other low-carbon vehicles as sales of electric vehicles grow rapidly in the late 1920s.

By 2030, electric buses will account for 84 percent of the global bus market, surpassing the growth of electric cars, which are expected to account for 28 percent of sales, according to the data.

By 2019, almost all electric buses with charging configurations will have a lower cost of ownership than traditional municipal buses.

China already has more than 300,000 electric buses on the road. That number is expected to grow rapidly as the cost of the batteries falls sharply and mass production takes place.

Global sales of electric cars reached a record 1.1m last year and will reach 11m by 2025 and 30m by 2030 because they are cheaper than conventional internal-combustion vehicles.

"" the new feature of this forecast is electric passenger cars," "said ColinMcKerracher, BNEF's lead analyst for advanced transportation. China leads the market by a huge margin, accounting for 99 percent of the world's total last year. This trend will continue in the rest of the world, with 80% of the world's municipal bus fleet expected to be electric by 2040.

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