80% of buses will be electric by 2040 – BNE
A new study from Bloomberg New Energy Finance predicts that bus fleets will switch to electric power very quickly, with 80 percent of all buses globally expected to be fully electric by 2040.
That’s far quicker adoption of electric powertrains than the study predicts for regular cars. While by 2030 the study predicts that 84 percent of all new buses sold will be electric, only 28 percent of new cars sold in that year are expected to be EVs.
Major manufacturers like Volvo and Daimler have both rolled out electric buses. Within the US, the San Francisco Municipal Transportation Agency has committed to running an all-electric bus fleet by 2035, with every new bus purchased after 2025 to be an EV.