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Did Chinese Public Transport Firms Miss the Bus on New Energy?

Sixth Tone  · 公众号  ·  · 2024-08-29 22:39

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Privately operated bus companies are struggling under a mountain of debt. It didn’t have to be this way. It’s been a tough few years for China’s privately operated bus networks. In light of some systems struggling with mounting debts and falling traffic, multiple municipal public transport enterprises announced route suspensions last year; several no longer even have the funds on hand to pay employees. These problems threaten to overshadow the very real successes of the past decade, most notably, the successful shift to new energy vehicles. Nine out of every 10 new energy buses in the world run on China’s streets, with new energy models accounting for more than 80% of all buses in the country. Chinese bus companies’ pivot to new energy started as early as the 2000s, but picked up speed in 2008 when China vowed to hold a “Green Olympics” in Beijing. The rollout of new energy buses and private vehicles gained further momentum after 2015, when technological breakthroughs imp ………………………………

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