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new energy buses

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Electro-mobility and New Energy Vehicles (NEV)[1] are important elements of the Chinese government’s strategy to promote climate-friendly and sustainable transport. In particular, the promotion of public transport and the adoption of New Energy Buses play a central role in realizing those ambitions. In recent years, China’s central government and local authorities have launched various support policies to push market development, foster advanced industry chains, create a skilled labor force and to achieve technological breakthroughs and efficiency gains in the field of New Energy Bus technology. Supportive policies include subsidies for purchasing and operating New Energy Buses, as well as tax reductions and other incentives for phasing out and decommissioning buses with conventional combustion engines. By the end of 2019, more than 400,000 New Energy Buses were in operation in China. The share of New Energy Buses in the overall bus market increased from about 1% in 2013 to 55% in…