Market Forecast 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 Users (Public & Private), By Regions (Northern Region, Central Region and Southern Region) and Competitive Landscape.
Product Code: ETC000895 | Publication Date: Jul 2024 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Chile Electric Bus market currently, in 2023, has witnessed an HHI of 9477, Which has increased slightly as compared to the HHI of 7402 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Chile Electric Bus Market report thoroughly covers the market by Vehicle Type, by Charging Infrastructure, by End User, and by Regions. The market report provides an unbiased and detailed analysis of the ongoing 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.
The Chile Electric Bus Market has been attaining traction in recent years, due to the country's commitment to reducing carbon emissions and encouraging sustainable transportation. The government of Chile has implemented ambitious goals to electrify its public transport system, with a target of 100% electric buses by 2040. This has increased the adoption of electric buses, making Chile one of the leading markets.
According to 6Wresearch, the Chile Electric Bus Market size is expected to grow at a significant CAGR of 30.3% during the forecast period 2024-2030. This growth can be attributed to several key factors, including supportive government policies and incentives aimed at promoting the use of electric vehicles, including buses. Additionally, there is increasing awareness of the benefits of electric buses, such as zero emissions, which makes them a more environmentally friendly alternative in comparison to traditional diesel or gasoline-powered buses. This has resulted in growing demand for electric buses from both public and private sectors. Furthermore, technological advancements have made electric buses more affordable and efficient. Many major cities in Chile are now leading the way in this transition.
However, despite the rapid growth of the Chile Electric Bus Market, Chile faces several challenges that need to be addressed for consistent market expansion. One major challenge is the high purchasing cost of an electric bus compared to a traditional diesel or gasoline-powered bus. This can be an obstruction for many public transport operators with limited budgets. Additionally, while the operating costs of electric buses are lower than their fossil fuel counterparts, the lack of infrastructure for charging and maintenance can be a hindrance. This requires significant investment in building charging stations and training personnel to maintain and operate these buses, there is uncertainty about the long-term reliability and performance of electric buses, causing some operators to hesitate in fully transitioning from traditional buses
The electric bus market in Chile is dominated by a few key players including, BYD, a Chinese company that specializes in producing electric vehicles. The company has been operating in Chile since 2014 and has already supplied over 500 electric buses to various cities across the country. Another major player is Yutong, another Chinese company that has been gaining traction in recent years. The company offers a range of electric buses, including single-decker, double-decker, and articulated models. These companies have established themselves as leaders in the industry and are continuously expanding their operations to meet the growing demand for electric buses in the country.
Chile's government has been actively promoting the adoption of electric buses to reduce air pollution and combat climate change. In 2018, a new regulation was announced that requires public transportation providers in major cities to replace diesel-powered buses with electric ones. This regulation was a major step towards achieving a completely electrified public transport system by 2040.
The Chilean government also provides financial incentives for companies and municipalities to purchase electric buses. These include tax exemptions, subsidies for infrastructure development, and low-interest loans. Additionally, the government has set ambitious targets for the number of electric buses running on the roads in different regions of the country. To further promote the adoption of electric buses, the government has implemented policies to support the development of a local electric bus industry including, providing training and funding for local manufacturers for the production of electric bus components, also promoting research and innovation in this market.
The Chile Electric Bus Market is experiencing rapid growth, supported by the government's strong support for sustainable transportation solutions. In 2018, the country set a goal to have all public transport buses be electric by 2040. This ambitious target has boosted significant investment and development in the electric bus sector. With the decreasing cost of electric buses compared to traditional diesel buses with advancements in technology and increased production, electric buses are becoming more affordable for both governments and private companies.
Also, Chile's unique geography has made it an ideal location for adopting electric buses. By transitioning to electric buses, Chile can significantly reduce its carbon emissions and improve air quality in these cities. Moreover, these buses provide environmental benefits as well as offer economic advantages. They have lower operating costs and require less maintenance. This makes them an attractive option for bus operators looking to cut costs and increase their profitability.
According to Dhaval, Research Manager, 6Wresearch, Battery Electric Buses (BEB) acquire the highest share in the Chile Electric Bus Market. Due to various factors such as government initiatives promoting clean energy vehicles, rising concerns about air pollution, and the cost-effectiveness of BEBs compared to traditional diesel buses.
Among all other categories, the ground contact system has been observed to attain the highest share in the Chile Electric Bus Market. This type of charging infrastructure involves the use of conductive charging technology, where a contact system connects the bus to an electric power supply through a physical connection on the ground. This method is widely used in public transportation systems and is relatively cost-effective compared to other options.
According to recent analysis, the Central Region in Chile has attained the highest share in the Electric Bus Market segment. This region is home to major cities such as Santiago, Valparaiso, and Concepcion - which have a high demand for sustainable transportation solutions due to their large population and urbanization.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Chile Electric Bus Market Overview |
3.1 Chile Country Indicators |
3.2 Chile Electric Bus Market Revenues & Volume 2020-2030F |
3.3 Chile Electric Bus Market Revenue Share, By Vehicle Types, 2020 & 2030F |
3.4 Chile Electric Bus Market Revenue Share, By Charging Infrastructure, 2020 & 2030F |
3.5 Chile Electric Bus Market Revenue Share, By End User, 2020 & 2030F |
3.6 Chile Electric Bus Market Revenue Share, By Regions, 2020 & 2030F |
3.7 Chile Electric Bus Market - Industry Life Cycle |
3.8 Chile Electric Bus Market - Porter’s Five Forces |
4. Chile Electric Bus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Chile Electric Bus Market Trends |
6. Chile Electric Bus Market Overview, By Vehicle Types |
6.1 Chile Electric Bus Market Revenues & Volume, by Hybrid 2020-2030F |
6.2 Chile Electric Bus Market Revenues & Volume, by Battery 2020-2030F |
6.3 Chile Electric Bus Market Revenues & Volume, by Plug-in Hybrid 2020-2030F |
7. Chile Electric Bus Market Overview, By Charging Infrastructure |
7.1 Chile Electric Bus Market Revenues, By Ground Contact, 2020-2030F |
7.2 Chile Electric Bus Market Revenues, By Roof Pantograph, 2020-2030F |
7.3 Chile Electric Bus Market Revenues, By Gantry Pantograph, 2020-2030F |
7.4 Chile Electric Bus Market Revenues, By Plug Only, 2020-2030F |
7.5 Chile Electric Bus Market Revenues, By Induction, 2020-2030F |
8. Chile Electric Bus Market Overview, By End User |
8.1 Chile Electric Bus Market Revenues & Volume, By Public, 2020-2030F |
8.2 Chile Electric Bus Market Revenues & Volume, By Private, 2020-2030F |
9. Chile Electric Bus Market Overview, By Regions |
9.1 Chile Electric Bus Market Revenues, By Northern Region, 2020-2030F |
9.2 Chile Electric Bus Market Revenues, By Southern Region, 2020-2030F |
9.3 Chile Electric Bus Market Revenues, By Central Region, 2020-2030F |
10. Chile Electric Bus Market - Key Performance Indicators |
11. Chile Electric Bus Market - Opportunity Assessment |
11.1 Chile Electric Bus Market Opportunity Assessment, By Vehicle Types 2030F |
11.2 Chile Electric Bus Market Opportunity Assessment, By Infrastructure 2030F |
11.3 Chile Electric Bus Market Opportunity Assessment, By End User, 2030F |
12. Chile Electric Bus Market Competitive Landscape |
12.1 Chile Electric Bus Market Revenue Share, By Company, 2023 |
12.2 Chile Electric Bus Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |
Market Forecast 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 Users (Public & Private), By Regions (Northern Region, Central Region and Southern Region) and Competitive Landscape.
Product Code: ETC000895 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Developing alliances between government and private companies to promote and adopt electric vehicles would be one of the major factors responsible for the growth of electric bus market in the region. According to Ministry of Transport and Telecommunications, more than 180 electric busses would be introduced in Santiago, Chile by august 2019 and more than 400 are expected to be added to Metbux bus fleet which runs on Avenida Grecia route in Santiago, which would result in Chile becoming one of the leading electric corridors in Latin America region.
According to 6Wresearch, Chile Electric Bus Market size is anticipated to register growth during 2019-25. In the overall Chile electric bus market share, the Northern region of Chile has captured major pie in 2018 and is expected to lead throughout the forecast period. In addition, Santiago Metropolitan is one of the major revenues generating regions in the country. Moreover, the city of Concepcion among other cities are expected to witness high growth over the coming years.
In terms of vehicle type, the overall Chile electric bus market can be segmented in Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB), and Hybrid Electric Bus (HEB). Plug-In Electric Bus (PHEB) segment accounted for the majority of the market revenues in 2018 and is expected to lead the market throughout the coming years as well.
The Chile Electric Bus market report thoroughly covers the market by vehicle types, charging infrastructure, end-users, and regions. The Chile Electric Bus market outlook report provides an unbiased and detailed analysis of the on-going Chile 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.
100 battery-electric buses to chile in Byd Delivers
100 new electric buses from the china are officials celebrated the delivery and Chilean dignitaries
According to the research report the electric bus market of chile has used the buses of BYD K9FE is going to ship from the port of shanghai, and the journey is beginning from the San Antonio to the Chilean capital of the Santiago, the Avenida Grecia is used the integrated is going to the fleet the operates, in all the Americas the completely electrified is used by bus line many people use the benefit weekly.
There is a batch of the electric buses and 83 units will going to be added in the upcoming years. The 183 units of BYD are used by the electric buses and they join the 100 electric buses that are the local partner of the BYD. The electric bus market is used to create the largest pure electric bus fleet in Latin America.
Key Highlights of the Report:
Markets Covered
The Chile Electric Bus Market report provides a detailed analysis of the following market segments:
Market Forecast 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 Users (Public & Private), By Regions (Northern Region, Central Region and Southern Region) and Competitive Landscape.
Product Code: ETC000895 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Developing alliances between government and private companies to promote and adopt electric vehicles would be one of the major factors responsible for the growth of electric bus market in the region. According to Ministry of Transport and Telecommunications, more than 180 electric busses would be introduced in Santiago, Chile by august 2019 and more than 400 are expected to be added to Metbux bus fleet which runs on Avenida Grecia route in Santiago, which would result in Chile becoming one of the leading electric corridors in Latin America region.
According to 6Wresearch, Chile Electric Bus Market size is anticipated to register growth during 2019-25. In the overall Chile electric bus market share, the Northern region of Chile has captured major pie in 2018 and is expected to lead throughout the forecast period. In addition, Santiago Metropolitan is one of the major revenues generating regions in the country. Moreover, the city of Concepcion among other cities are expected to witness high growth over the coming years.
In terms of vehicle type, the overall Chile electric bus market can be segmented in Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB), and Hybrid Electric Bus (HEB). Plug-In Electric Bus (PHEB) segment accounted for the majority of the market revenues in 2018 and is expected to lead the market throughout the coming years as well.
The Chile Electric Bus market report thoroughly covers the market by vehicle types, charging infrastructure, end-users, and regions. The Chile Electric Bus market outlook report provides an unbiased and detailed analysis of the on-going Chile 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.
100 battery-electric buses to chile in Byd Delivers
100 new electric buses from the china are officials celebrated the delivery and Chilean dignitaries
According to the research report the electric bus market of chile has used the buses of BYD K9FE is going to ship from the port of shanghai, and the journey is beginning from the San Antonio to the Chilean capital of the Santiago, the Avenida Grecia is used the integrated is going to the fleet the operates, in all the Americas the completely electrified is used by bus line many people use the benefit weekly.
There is a batch of the electric buses and 83 units will going to be added in the upcoming years. The 183 units of BYD are used by the electric buses and they join the 100 electric buses that are the local partner of the BYD. The electric bus market is used to create the largest pure electric bus fleet in Latin America.
Key Highlights of the Report:
Markets Covered
The Chile Electric Bus Market report provides a detailed analysis of the following market segments:
Market Forecast 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 Users (Public & Private), By Regions (Northern Region, Central Region and Southern Region) and Competitive Landscape.
Product Code: ETC000895 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Developing alliances between government and private companies to promote and adopt electric vehicles would be one of the major factors responsible for the growth of electric bus market in the region. According to Ministry of Transport and Telecommunications, more than 180 electric busses would be introduced in Santiago, Chile by august 2019 and more than 400 are expected to be added to Metbux bus fleet which runs on Avenida Grecia route in Santiago, which would result in Chile becoming one of the leading electric corridors in Latin America region.
According to 6Wresearch, Chile Electric Bus Market size is anticipated to register growth during 2019-25. In the overall Chile electric bus market share, the Northern region of Chile has captured major pie in 2018 and is expected to lead throughout the forecast period. In addition, Santiago Metropolitan is one of the major revenues generating regions in the country. Moreover, the city of Concepcion among other cities are expected to witness high growth over the coming years.
In terms of vehicle type, the overall Chile electric bus market can be segmented in Battery Electric Bus (BEB), Plug-In Electric Bus (PHEB), and Hybrid Electric Bus (HEB). Plug-In Electric Bus (PHEB) segment accounted for the majority of the market revenues in 2018 and is expected to lead the market throughout the coming years as well.
The Chile Electric Bus market report thoroughly covers the market by vehicle types, charging infrastructure, end-users, and regions. The Chile Electric Bus market outlook report provides an unbiased and detailed analysis of the on-going Chile 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.
100 battery-electric buses to chile in Byd Delivers
100 new electric buses from the china are officials celebrated the delivery and Chilean dignitaries
According to the research report the electric bus market of chile has used the buses of BYD K9FE is going to ship from the port of shanghai, and the journey is beginning from the San Antonio to the Chilean capital of the Santiago, the Avenida Grecia is used the integrated is going to the fleet the operates, in all the Americas the completely electrified is used by bus line many people use the benefit weekly.
There is a batch of the electric buses and 83 units will going to be added in the upcoming years. The 183 units of BYD are used by the electric buses and they join the 100 electric buses that are the local partner of the BYD. The electric bus market is used to create the largest pure electric bus fleet in Latin America.
Key Highlights of the Report:
Markets Covered
The Chile Electric Bus Market report provides a detailed analysis of the following market segments: