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

According to new data from Bloomberg New Energy Finance(BNEF), electric buses will lead other low-carbon vehicles as sales of electric vehicles grow rapidly in the late 1920s.

Data show that by 2030, electric buses will account for 84 % of the global passenger car market, surpassing the growth of electric vehicles and are expected to account for 28 % of sales.

By 2019, the cost of owning almost all rechargeable electric buses will be lower than that of traditional municipal buses.

More than 3 00000 electric buses are on the road. Due to the significant reduction in battery costs and mass production, the estimated number will increase rapidly.

Global sales of electric vehicles reached a record 1.1 million last year, and will reach 11 million by 2025 and 30 million by 2030 because they are cheaper than traditional internal combustion engines.

"The new feature of this forecast is electric buses," said Colin McKerracher, chief analyst at BNEF Advanced Transport. It led the market with a huge advantage, accounting for 99 per cent of the world's total last year. This trend will also continue in other parts of the world, with 80 per cent of global municipal bus fleets expected to become electric by 2040. "

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