The future for electric buses seems bright

An electric bus
Photo: Florian Gaertner/Phototek via Getty Images

By 2040, 80% of city buses worldwide will be electric, according to a just-released report by the consultancy Bloomberg New Energy Finance.

The big picture: China dominates the market right now and accounting for 99% of the market last year, according to BNEF. But EV bus adoption is expected to accelerate significantly in Europe and elsewhere by 2040.