The growth trajectory of electric motor coaches, buses, and trolley buses in Sweden has shown consistent and significant increases over the past decade. From a modest count of 8 units in 2013, the number reached 1170 units by 2023, reflecting a year-on-year increase of 27.46% and a Compound Annual Growth Rate (CAGR) of 63.4% over the last five years.
Analyzing year-on-year variations, substantial growth was observed in increments such as 81.82% in 2015, 168% in 2019, and 76.12% in 2020. More recently, the growth rate moderated to 40.25% in 2021 and 38.07% in 2022, indicating a trend towards stabilization although underlying growth remains robust.
Future projections suggest the number will rise to 2400 units by 2028, driven by a forecasted CAGR of 11.15% and an overall growth rate of 69.66% over five years. This implies continued progressive expansion albeit at a decelerating pace compared to previous explosive growth rates.
Future trends to watch for in this sector include advancements in battery technology, government incentives, and regulatory support for zero-emission vehicles. Additionally, the development of charging infrastructure and adoption by public transportation systems will be crucial factors influencing future growth.
