ABB’s Energy-efficient Motor and Inverter Pack Solution to Enhance Electric Buses Performance
ABB’s new package, which encompasses a HES580 inverter and AMXE250 motor, is specifically designed for electric buses. The new propulsion package is more reliable and efficient than conventional inverters, highlighting a significant leap forward in sustainable, cleaner transportation options.
Electric Bus Market
According to Precedence Research’s report on the global electric bus market size was estimated at USD 32.15 billion in 2024 and is projected to cross USD 113.06 billion by 2034, registering a solid CAGR of 13.4% from 2024 to 2034.
In September 2023, the UK Government imposed regulations to ban petrol and diesel cars and vans. Petrol and diesel vehicles emit a large amount of CO2, contributing to air pollution. Thus, the UK has set a target to eliminate greenhouse gases by 2050, accelerating the transition toward electric vehicles and, therefore, electric motors.
Funding Raised by EV and Electric Motor Manufacturers in 2024
| Company | Raised Funding | Purpose |
| Matel | $4 million | Matel intends to diversify its product portfolio and offer solutions for commercial vehicles. It also aims to supply electric motors required for defense applications. |
| DeepDrive | €30 million | The funding will help to assemble production lines and commercialize its new patented Dual-Rotor motor technology, which will enhance the diffusion of EVs. |
| Infinitum | $35 million | The company raised funding to drive decarbonization with sustainable, high-efficiency motor systems. |
| Euler Motors | $24 million | The company will utilize the funding for pan-India presence and raising servicing infrastructure in 40 cities by March 2025. |
According to a recent study by Precedence Research, factors such as increasing focus on existing bus electrification due to the increasing concerns about CO2 emissions may boost the adoption of this new package. Moreover, the automotive industry is focusing on achieving net-zero emission targets by developing and utilizing cleaner, more sustainable solutions in vehicles. The HES580 inverter reduces power losses and also benefits the AMXE250 motor by boosting its reliability and lifespan. The motor provides high torque density for improved dynamic performance.
This technology enhances the performance of electric vehicles by reducing stress on motor windings. Moreover, this package can be installed quickly into a vehicle owing to its simple parameter setting, making it ideal for electrifying buses.
Asia Pacific Electric Bus Market
A recent report from Precedence Research reveals that the Asia Pacific electric bus market size was estimated at USD 24.38 billion in 2023 and is predicted to be worth around USD 97.23 billion by 2034, registering a CAGR of 13.6% from 2024 to 2033.
In July 2023, NITI Aayog announced a plan for electric mobility in India to contribute the Indian Government’s vision of becoming a net zero emitter by 2070. The rising adoption of electric vehicles consequently accelerates the adoption of this new package.
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Aditi, a powerhouse in the world of market research with over 14 years of experience, driving insightful narratives for the rapidly evolving electric vehicle (EV) industry. With a sharp eye for detail and an innate ability to decode trends across multiple sectors, Aditi is more than just an expert—she's a trendsetter. Her special interest in the ICT and automotive industries, combined with cross-domain expertise, allows her to approach EV news from a fresh, multifaceted perspective.
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