European Electric Bus Charging Station Sector Garnering Immense Government Support — Bombardier Inc., EKOENERGETYKA, Polska Sp. z o.o.
Government support for clean mobility is the major factor driving the European electric bus charging station sector growth. The European Union as well as the government of individual nations are offering a variety of tax rebates and incentives for the purchase of electric buses, which is expected augment the construction of charging stations. For instance, the German government created a $82.7 million (EUR 70 million) fund in 2018 for purchasing electric buses and constructing the related infrastructure.
This increase in such support was witnessed after the Paris Climate Agreement came into effect, wherein nations agreed to significantly reduce their carbon emissions. Further, the European Clean Bus Deployment Initiative was signed in 2017, after which the governments received a clear direction on how to go about making the earth a greener place. Hence, as nations become even more committed toward reducing pollution and purchase a larger number of electric buses, the charging station sector will also grow.
Bombardier Inc., EKOENERGETYKA — Polska Sp. z o.o., Heliox and Jema Energy SA are the major players.
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