According to a statement by P&S Intelligence, the U.S. electric bus charging station market is experiencing significant growth, and it will continue like this in the years to come as well.
A major trend observed in the industry is the growing advent of wireless charging systems. The wireless charging systems significantly enhance electric vehicles' performance and also improve the driving experience in terms of range as compared to traditional plug-in chargers.
The increasing requirement for electric buses drives the deployment of e-bus charging stations, which in turn boosts industry growth. The U.S. electric bus charging station industry is heavily dependent on government support.
Moreover, buses are used for military, public transport, transit services, and more in the government sector. Most of the decisions of acquiring e-buses are made at the federal government. It is actively participating to increase the number of e-buses in its system of transportation.
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The growing fondness for depot charge buses over on-route charge buses is a notable opportunity for the providers of e-bus charging stations.
Based on product, the plug-in charging category accounted for the largest U.S. electric bus charging station market share, in the past few years. This is mainly attributed to the early acceptance of plug-in charging stations for personal transport automobiles.
The fast-charging category, based on charging, will observe faster growth in the years to come. This is because the fast-charging station can charge an e-bus in approximately 30 minutes as compared to the slow charging station, which requires more than 5 hours to charge.
Some of the big market players are involved in introducing new products to gain a competitive edge over their competitors.
Hence, with the increasing government support & regulations, and the mounting number of e-buses, the requirement for electric bus charging stations in the U.S. will continue to increase in the years to come.
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