Mexico Electric Bus Market - Segmented by Vehicle, Technology, and Consumer - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4515757
  • Report
  • Region: Mexico
  • 50 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Iveco
  • New Flyer Industries
  • Ryobi Bus
  • Wright Group
  • MORE
The Mexico electric bus market has registered a CAGR of 25%, during the forecast period. The electrification of the transportation sector has been critical in tackling the climate change predominant in 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.

Government Policies to Cut Down Carbon Footprint

The country passed an ambitious climate change law in 2012, and had since, pledged to reduce GHG emissions by 40% by 2030. Reducing the country’s carbon footprint from transport sector, which is responsible for 22% of yearly emissions, will be critical if Mexico is to meet its goals. Also, Mexico City tested a hybrid bus from December 2014 to January 2015 and had offered contracts to BAE systems for supplying the buses.

Advancements in Manufacturing Efficient Diesel Engines

More efficient diesel engines are being developed, which reduce their NO2 exhaust percentage by more than 55%. Electric Buses these days are managing a 200-mile trip on a full charge of the battery when compared to a diesel bus, which can provide 400 miles on its full tank (around 500 liters) fuel. This difference, clubbed with lesser number of charging stations is heavily pulling back the growth of Electric Bus market in Mexico.

Technological Trends

The major trends emerging in the market has 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.

Key Developments in the Market
  • March 2018: FlixBus, plans to expand its low-cost service and test all-electric bus routes, aiming to become a pioneer in a more sustainable form of intercity transit
Major Players - Daimler, Nanjing Jiayuan EV, Iveco, Anhui Ankai Automobile, Ryobi Bus, Volvo, among others.

Reasons to Purchase this Report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AB Volvo
  • BYD
  • Iveco
  • New Flyer Industries
  • Ryobi Bus
  • Wright Group
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modeling

3. Executive Summary

4. Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry

5. Market Dynamics
5.1 Drivers
5.1.1 Supportive Government Regulations
5.2 Restraints
5.2.1 Range of Electric Bus
5.2.2 High Production and Maintenance Cost
5.3 Opportunities
5.3.1 Demand from the Electric Vehicle Industry

6. Mexico Automotive Electric Bus Market - By Vehicle Type
6.1 Battery Electric Bus
6.2 Plug-in-hybrid Electric Bus

7. Mexico Automotive Electric Bus Market - By Technology
7.1 Non Autonomous
7.2 Autonomous
7.3 Others

8. Mexico Automotive Electric Bus Market - By Consumer Segment
8.1 Government
8.2 Fleet Owners
8.3 Others

9. Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis

10. Company Profiles
10.1 Daimler
10.2 Anhui Ankai Automobile
10.3 BYD
10.4 Iveco
10.5 Nanjing Jiayuan EV
10.6 New Flyer Industries
10.7 Proterra Inc
10.8 Ryobi Bus
10.9 Scannia
10.10 Shandong Yi Xing Electric Automobile
10.11 Wright Group
10.12 Volvo
10.13 Zhengzhou Yutong
10.14 Zhongtong Bus

11. Future Outlook
12. Disclaimer
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  • Daimler AG
  • Anhui Ankai Automobile
  • BYD
  • Iveco
  • Nanjing Jiayuan EV
  • New Flyer Industries
  • Proterra Inc
  • Ryobi Bus
  • Scannia AB
  • Shandong Yi Xing Electric Automobile
  • Wright Group
  • AB Volvo
  • Zhengzhou Yutong
  • Zhongtong Bus
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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