Brazil Electric Bus Market Overview
Electric bus market in Brazil registered a CAGR of 212.7% during 2013 – 2016, recording a shipment of over 2,000 units in 2016. The market in Brazil is currently in its nascent phase, though it is expected to grow significantly after 2017. The growth of this market in Brazil is chiefly attributed to the growing demand to reduce dependency on fossil fuels.
The first electric bus in Brazil was launched at Sao Paulo in 2014. The module of the bus was made in Brazil, and the batteries and recharge systems were delivered by Mitsubishi Motors (a Japan based company). The bus has a capacity to carry 124 passengers, and can cover 125 miles on a single charge. Owing to high degree of air pollution in Sao Paulo, the government in Brazil is planning to replace its diesel-powered buses with low-emission buses by 2020.
- Pure Electric
- Parallel Hybrid
- Series Parallel Hybrid
- Series Hybrid
- Above 10 Meters
- Below 10 Meters
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The market in the country is mainly driven by factors such as rising focus on charging infrastructure. Present charging infrastructure in the country is focused only around Sao Paulo and Rio de Janeiro, though it is projected to strengthen across other key states, namely, Pernambuco, Sergipe, and Ceara. The roadblocks to the growth of the market include inadequate judicial support, strong disagreement from pro-Ethanol groups, limited charging infrastructure, and high initial procurement cost of electric bus.
To support the Brazilian electric bus market, the government of the country announced to support the market development in the country by exempting import tax. It highlights that the impact of tax burdens on the Brazilian market will only be for shorter period of time.
Brazil Electric Bus Market Competitiveness
Players in the Brazilian electric bus market is more focused on enhancing their product and innovating new products through various strategic approaches. Various international players are also paving the way for electric vehicles in Brazil. For instance, BYD Company Limited, announced to expand its Brazilian operations with new PV solar panel and electric bus chassis production.
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