Spain Electric Bus Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Spain Electric Bus Market

Spain Electric Bus Market developments include the shift of market players towards electric buses due to increasing awareness about green vehicles to reduce the level of greenhouse gases. High-end batteries are also adopted to cut down the cost of electric buses. Irizar Corp. installed its plant in Aduna, Spain for manufacturing electric buses along with other types of industrial vehicles to complement the electromobility needs of cities in Spain.

Spain Electric Bus Market Synopsis

Rising carbon emissions especially from the road transport sector, accounting for 80% of pollution in Spain and increasing awareness about green vehicles have propelled the demand for the Electric Buses market in Spain. Spain plays a major role in the growing electric vehicles market in the European Union market; in 2018, 75,800 Hybrid Electric Vehicles were sold in Spain alone, accounting for 13% of Electric Vehicles sales in the European Union. Moreover, OEMs are setting up their manufacturing units in Spain resulting in further growth of the market in the forecast period, for instance, Irizar has set up a manufacturing unit in Spain in 2018, which has a maximum capacity of 1,000 electric vehicles per annum.

According to 6Wresearch, the Spain Electric Buses Market size is anticipated to grow during the forecast period 2019-25. To proliferate the electric bus market government initiatives especially the MOVES PLAN which aims at encouraging the purchase of alternative vehicles and installing charging infrastructures for the same, tax incentives, reduced road tolls and parking fees, would spur the demand for electric buses.

Hybrid Electric buses led the revenue share owing to the fact that they can be shifted to gasoline anytime in case of no charging station nearby.  In context to length, the ones which are more than 10 meters have a greater market size in Spain due to greater capacity as compared to smaller electric buses.

The Spain electric bus market report thoroughly covers the market by types such as battery electric bus (BEB), plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB), by charging infrastructure, by end users and by regions. The Spain electric bus market outlook report provides an unbiased and detailed analysis of the ongoing Spain electric bus market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Spain Electric Bus Market Overview
• Spain Electric Bus Market Outlook
• Spain Electric Bus Market Forecast
• Historical Data of Spain Electric Buses Market Revenues for the Period 2015-2018
• Spain Electric Bus Market Size and Forecast of Revenues, Until 2025
• Historical Data of Spain Electric Bus Market Revenues, by Types, for the Period 2015-2018
• Market Size & Forecast of Spain Electric Bus Market Revenues, by Types, until 2025
• Historical Data of Spain Electric Bus Market Revenues, by Charging Infrastructure, for the Period 2015-2018
• Market Size & Forecast of Spain Electric Bus Market Revenues, by Charging Infrastructure until 2025
• Historical Data of Spain Electric Bus Market Revenues, by End Users, for the Period 2015-2018
• Market Size & Forecast of Spain Electric Bus Market Revenues, by End users, until 2025
• Historical Data of Spain Electric Bus Market Revenues, by Regions, for the Period 2015-2018
• Market Size & Forecast of Spain Electric Bus Market Revenues, by Regions, until 2025
• Market Drivers and Restraints
• Spain Electric Bus Market Trends
• Market Opportunity Assessment
• Spain Electric Bus Market Share, By Regions
• Spain Electric Bus Market Share, By Players
• Spain Electric Bus Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Spain Electric Bus market report provides a detailed analysis of the following market segments:

By Vehicle Types:

• Battery Electric Bus (BEB)
• Plug-In Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)

By Charging Infrastructure:

• Ground Contact
• Roof Pantograph
• Gantry Pantograph
• Plug Only
• Induction

By End User:

• Public
• Private

Regions:

• North-East Region
• North West Region
• Northern Region
• Central Region
• Southern Region

Frequently Asked Questions About the Market Study (FAQs):