According to a recent market study, the electric bus market is projected to grow by 61.03 thousand units from 2022 to 2027, with a CAGR of 9.23%. This growth can be attributed to various factors, such as decreasing battery prices, advancements in technology to minimize downtime, and government initiatives promoting the adoption of electric buses.
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As the market becomes increasingly competitive, larger companies are acquiring smaller regional players to expand their global presence. Additionally, new entrants into the market will further intensify competition among existing players throughout the forecast period.
GreenPower Motor Company Inc. specializes in developing electric vehicles for commercial markets. In 2014, GreenPower introduced the EV350 transit bus, a zero-emission vehicle featuring electric drive and battery technologies, a lightweight chassis, and a low-floor body.
This zero-emission bus incorporates electric drive and battery technologies, a lightweight chassis, and a low-floor body design. GreenPower’s commitment to innovation is evident through its use of a custom battery management system and its proprietary Flex Power system for drive motors.
To ensure top-quality components, they collaborate with renowned suppliers like Siemens for drive motors, Knorr for brakes, ZF for axles, and Parker for dash and control systems. By adopting an original equipment manufacturer (OEM) approach, GreenPower can fulfil operators’ specific requirements while facilitating maintenance and warranty procedures with standard parts availability.
In the fall of 2016, GreenPower introduced Synapse, a range of all-electric school and shuttle buses. The Synapse lineup includes a 30 feet (9.1 m) model with seating for 37 passengers and a 36.5 feet (11.1 m) model accommodating up to 49 passengers.
Notably, the California Air Resources Board approved the Synapse under its Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, enabling purchasers to receive an incentive of $95,000 along with existing incentives. Demonstrating their commitment to sustainable transportation, GreenPower sold eleven Synapse buses in August 2017 to six schools within the North Coast Unified Air Quality Management District and South Coast Air Quality Management District in California.
In 2018, it launched the EV Star minibus, which offers impressive travel distances ranging from 150 to 200 miles (240 to 320 km) per charge. Charging can be done through an eight-hour session with a J1172 Level 2 charger or via a DC fast charger that takes just ninety minutes. Multiple interior configurations are available for customization, including one accommodating seventeen passengers.
In 2021, GreenPower established an exclusive agreement with Forest River, a renowned cutaway minibus and recreational vehicle manufacturer. Under this partnership, the company supplies its EV Star cabs and chassis to Forest River for integration into its products.
GreenPower Motor Corporation Product Lines
- Passenger Transportation
GreenPower Motor Company specializes in constructing purpose-built, battery-electric vehicles tailored to the diverse needs of the passenger transportation industry. The EV Star and EV Star Plus models are ideal for transit agencies, shuttle operators, paratransit services, hospitals, and universities seeking to lower operational costs while making a positive environmental impact by reducing their carbon footprint.
With a commitment to reliability, it offers vehicles that align with your specific operational requirements while prioritizing safety, durability, and passenger comfort—delivering an exceptional transportation experience.
- Low Floor Transit Transportation
GreenPower Motor Company’s low-floor transit bus line stands out for its unparalleled ride comfort and battery-electric drive system’s environmental and economic advantages.
The range encompasses three exceptional models: the EV250 30ft transit bus, EV350 40ft transit bus, and the EV550 double-decker—offering seating capacity for up to 100 passengers. Passengers can experience smooth journeys with these buses while benefiting from sustainable transportation solutions.
- Student Transportation
The Company takes pride in offering the BEAST, an all-electric school bus that sets new benchmarks for safety and reliability in student transportation. With its unique monocoque truss chassis, the BEAST stands out as the only vehicle on the market.
It boasts a remarkable driving range of 150 miles, made possible by utilizing the largest standard battery pack available for student transportation. Equipped with air ride suspension, pass-through storage, and seating capacity for up to 90 students, the BEAST ensures a comfortable and efficient journey while prioritizing their well-being.
- Cargo Transportation
GreenPower Motor Company offers a range of cargo vehicles designed to meet your specific needs. This lineup includes the EV Star CarGo, EV Star CarGo Plus, and EV Star CC (bare cab and chassis).
These purpose-built delivery and cargo vehicles are equipped to handle carrying capacities of up to 6,000 pounds, making them ideal for mid-mile and last-mile deliveries. With GreenPower’s cargo vehicles, you can rely on efficient solutions that cater to your unique transportation requirements.
Paving the Way Towards a Greener Future
GreenPower Motor Company Inc. stands as a prominent player in the electric vehicle industry, particularly in buses and vehicles. With a commitment to zero-emission solutions, their innovative lineup caters to various sectors, including passenger transportation, student transportation, cargo delivery, and more.
By combining cutting-edge technology with safety, reliability, and environmental consciousness, GreenPower continues to drive sustainable mobility options that meet the evolving needs of transit agencies and businesses.
