Mexico Automotive Electric Bus Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4385348
  • Report
  • Region: Mexico
  • 104 pages
  • Mordor Intelligence
1 of 3
The Mexico electric bus market in is expected to grow at a CAGR of 25% during the forecast period. The electrification of the transportation sector has been critical in tackling the climate change predominant in this part of the country. According to the IEA, in order to limit the average temperature increases to 2°C - it is crucial to reduce carbon emissions by around 25% from the transport sector. However, Latin America has faced many barriers in expanding the electric transport infrastructure with respect to initiatives and incentives. Latin American cities have severe air pollution with the presence of old and inefficient vehicles on the road. However, Latin American electricity generation is cleaner than the global average due to heavy reliance on hydropower and limited coal-fired generation, generating the much needed potential benefits of electric transport. In contrast Latin America, the electric transport is in early stages, with just a few thousand vehicles in circulation in the entire region Most of those vehicles are from Mexico with most of them used for various public transportation. Electric buses in Mexico constitute a significant share in the electric vehicle segment of the region.

Mexico has emerged as one of the leader among developing nations in addressing climate change. The country passed an ambitious climate change law in 2012 and has since pledged to reduce GHG emissions by 40% by 2030. Thereby with the development of electric bus infrastructure there is a significant development in drive quality and power and are increasingly designed exclusively for commercial purposes. The introduction of electric buses into the market represents an important opportunity to advance the entire electric transportation infrastructure in Mexico.

The major trends emerging in the market is increased emphasis on innovation and increased investments in R&D. BYD Company, is testing its 12 meters long electric bus with transport companies in Mexico, to integrate its 8 meters long model and incorporate it as an articulated unit. Therefore, this technology eliminates the process of conventional non-autonomous charging mechanism. However, high costs compounded by a sparse network of public charging infrastructure and a lack of incentives for private distributors to expand them giving the government’s monopoly of the electricity market. Local and federal governments and the private sector should work together to create a network of incentives that ensures that the economic, environmental and public health benefits of EVs outweigh their estimated total cost of ownership. Mexico City tested a hybrid bus from December 2014 to January 2015, though it has not yet tested any purely electric buses. High costs are compounded by a sparse network of public charging infrastructure and a lack of incentives for private distributors to expand them given the government’s historical monopoly of the electricity market. However, there are many stations that offer services free of charge - a benefit provided by automakers and businesses to encourage the electric bus adoption. In Mexico City, moreover, electric buses are exempted from the “Hoy No Circula” program, which limits the days that vehicles can be on the road.

The electric bus market in Mexico is segmented on the basis of power source as well as electric vehicle type. Hybrid Electric bus constitutes the bulk of the share in the vehicle type. The electric bus market in Mexico is characterised with a number of prominent players such as Volvo, Iveco, BYD, and Scania.

WHAT THE REPORT OFFERS

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on the market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry in the market.
READ MORE
Note: Product cover images may vary from those shown
2 of 3
1. INTRODUCTION
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TECHNOLOGY TRENDS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Porter's Five Forces Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
4.1 Electric Bus: Global Market Overview
4.2 Drivers
4.3 Restraints
4.4 Opportunities
5. MEXICO AUTOMOTIVE ELECTRIC BUS MARKET BY VEHICLE TYPE(Growth, Innovations and Feasibility of Cybersecurity)
5.1 Battery Electric Bus
5.2 Plug-in-hybrid Electric Bus
6. MEXICO AUTOMOTIVE ELECTRIC BUS MARKET BY TECHNOLOGY (Growth, Innovations and Feasibility of Cybersecurity)
6.1 Non Autonomous
6.2 Autonomous
6.3 Others
7. MEXICO AUTOMOTIVE ELECTRIC BUS MARKET -BY CONSUMER SEGMENT(Growth, Trends and Durability)
7.1 Government
7.2 Fleet Owners
7.3 Others
8. COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Market Share Analysis
8.3 Developments of Key players
9. KEY VENDOR ANALYSIS
9.1 Daimler
9.2 Anhui Ankai Automobile
9.3 BYD
9.4 Iveco
9.5 Nanjing Jiayuan EV
9.6 New Flyer Industries
9.7 Proterra Inc.
9.8 Ryobi Bus
9.9 Scannia
9.10 Shandong Yi Xing Electric Automobile
9.11 Wright Group
9.12 Volvo
9.13 Zhengzhou Yutong
9.14 Zhongtong Bus
10. FUTURE OUTLOOK OF THE MARKET
11. DISCLAIMER
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
Note: Product cover images may vary from those shown
Adroll
adroll