{"id":34932,"date":"2025-02-12T17:31:27","date_gmt":"2025-02-12T16:31:27","guid":{"rendered":"https:\/\/www.sustainable-bus.com\/?p=34932"},"modified":"2025-02-12T17:31:30","modified_gmt":"2025-02-12T16:31:30","slug":"iveco-bus-2024-bus-market-europe","status":"publish","type":"post","link":"https:\/\/www.sustainable-bus.com\/news\/iveco-bus-2024-bus-market-europe\/","title":{"rendered":"Iveco Bus achieves 2nd position in the European e-bus market 2024 (and 65% registrations were CNG buses)"},"content":{"rendered":"\n
Following the presentation of Iveco Group results 2024<\/a>, the bus division Iveco Bus highlights that it has achieved the position as 2nd top seller of electric buses in the European market<\/strong> with a 14.2% of market share, heavily growing by 6.5 points. Top position is reportedly held by Daimler Buses.<\/p>\n\n\n\n The brand is keeping a 25% share in the total bus market, according to its own figures concerning EU27. What is also worth noticing, 65% of Iveco Bus registrations last year were natural gas buses<\/strong>.<\/p>\n\n\n\n The manufacturer states its order book stands at 3,000 units<\/strong><\/p>\n\n\n\n In the booming electric urban market (+21.1% vs 2023)<\/strong>, Iveco Bus increased its market share by 6.5 points in 2024, rising for the first time to the second rank among electric vehicle manufacturers with 14.2% of registrations. This performance is reflected in its leading positions in the electric urban bus market in Italy (35%) and France<\/a> (56%)<\/strong>. <\/p>\n\n\n\n The manufacturer remains the European leader in the intercity segment with over 50% market share and has recorded the first deliveries of its Crossway LE Elec, accounting for 26% of electric intercity bus registrations. At the same time, with 65% of natural gas vehicle registrations in 2024, the brand confirms its European leadership in this alternative energy. <\/p>\n\n\n\n One in two urban buses (50%, +5.5 pts vs 2024) and more than three-quarters (78%, +11 pts vs 2024) of intercity vehicles running on natural gas in Europe carry Iveco Bus logo. <\/p>\n\n\n\n The Bus Business Unit saw its adjusted EBIT rise by \u20ac31 million compared to 2023, reaching \u20ac140 million<\/strong>. This strong performance “was underpinned by a solid long-term order book for electric buses and driven by achieved economies of scale. The adjusted EBIT margin stood at 5.5%, up from 4.9% in 2023”, the group says. And Iveco Bus pursues a target of 7-8 percent of EBIT by 2028<\/strong>, set to be driven by the upcoming new platform<\/a>, thanks to common architectures between segments that will lead us to have easily customizable, modular buses.<\/p>\n\n\n\n After the Rorthais, Foggia and Vysok\u00e9 Myto sites, it was the turn of the Annonay<\/a> plant to be electrified in 2024 to integrate the production of electric buses. A new battery assembly unit was also set up on the site.<\/p>\n\n\n\n “2024 marks a major turning point for Iveco Bus. We have reached a new milestone by becoming the second European electric bus manufacturer while maintaining our position as the leader in natural gas technology. These results validate our strategy and reward the significant investments we have made in R&D and in our industrial facilities to offer the most comprehensive mobility solutions on the market. They also confirm the relevance of our technology-neutral approach to sustainably and effectively support the energy transition in transport,” said Claudio Passerini<\/strong>, just appointed President, Bus Business Unit, Iveco Group<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Following the presentation of Iveco Group results 2024, the bus division Iveco Bus highlights that it has achieved the position as 2nd top seller of electric buses in the European market with a 14.2% of market share, heavily growing by 6.5 points. Top position is reportedly held by Daimler Buses. The brand is keeping a […]<\/p>\n","protected":false},"author":1,"featured_media":34313,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[372],"acf":[],"yoast_head":"\nElectric bus market growing in Europe<\/h2>\n\n\n\n