Italian Electric Bus Charging Station Market Hit Almost $44.8 Million Figure By 2025


Posted January 7, 2022 by Rahul_Gautam

What are Current Italian Electric Bus Charging Station Market Trends?
 
The government of Italy is constantly aspiring to transform the conventional public transport system with new-energy buses. Major cities, such as Turin, Cagliari, and Milan, are rapidly replacing fossil-fuel-based buses with electric buses owing to the surging pollution caused by the burning of diesel. For instance, in December 2018, the government of Italy submitted a proposal for the integrated national plan for climate and energy to the European Union (EU). This proposal offers a vital role to the transit agencies of the nations in drafting strategies for cleaner transport.

As a result of the surging focus on cleaner transport, transit agencies and the government of Italy are working toward establishing a strong network of charging stations. In this regard, the government is also making hefty investments to encourage the migration of electric and other new-energy-fueled buses in suburban and urban areas. Owing to this reason, the Italian electric bus charging station market will progress at a CAGR of 20.3% during 2019–2025. According to P&S Intelligence, the market revenue stood at $12.3 million in 2018, and, it is expected to reach $44.8 million in 2025.

Whether it is being charged at an overnight or opportunity station, a bus uses either an on-board charger or an off-board charger. Of these, the popularity of off-board chargers is predicted to rise faster in the coming years, as they too allow bus manufacturers to cut down on the weight of the vehicle. Plus, they also allow the automobile to be charged more quickly than on-board chargers. Many of the new electric buses being introduced in the country are compatible with direct current (DC) fast charging stations, which is another reason for the burgeoning demand for off-board chargers.

The electric bus charging stations being installed in the country provide power in the range of less-than 22, 22–50, 51–150, and more-than 150 kilowatts (kW). Till now, most stations in the country have offered 22–50 kW of power, because a lot of the buses in operation or being launched by automakers in the country are equipped with DC fast chargers. Quick charging is ideal for buses which have to travel long distance, as regular charging stoppages can be a nuisance to travelers.

Thus, with the increasing procurement of electric buses in Italy, driven by government subsidies and emission-reduction policies, the installation rate of EVSE will continue accelerating in the coming years.
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Issued By Rahul Gautam
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Categories Automotive , Business , Industry
Tags italian electric bus charging station market , italian electric bus charging station market demand , italian electric bus charging station market share , italian electric bus charging station market size
Last Updated January 7, 2022