Global Electric Bus Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Global Electric Bus Market is segmented by Fuel Type ( BEV, FCEV, HEV, PHEV ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America )

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Electric Bus Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Fuel Type: HEV
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: North America
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 16.72 %

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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Electric Bus Market Analysis

The Global Electric Bus Market is projected to register a CAGR of 16.72%

  • Largest Segment by Fuel Type - HEV : Public and private investments made over the last two decades have developed the buses to compete with ICE-based buses. Which is making Hybrid buses the largest fuel type in global e-bus market.
  • Fastest-growing Segment by Fuel Type - BEV : The government practices and private programs to cut carbon emission, and development in charging infrastructure is making BEV the fastest growing fuel type in buses Globally.
  • Largest Segment by Country - US : China is a major player in the electric bus market, accounting for 98% of all-electric buses worldwide. This is due to the major e-bus manufacturers being from china.
  • Second leading Market Player - HEV : The company has a strong focus on R&D activities. Variety of e bus models offering and strong hold on the Chinese market makes Zhongtong Bus Holding Co Ltd 2nd leading player in global bus market.

Electric Bus Industry Segmentation

BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.
Fuel Type
BEV
FCEV
HEV
PHEV
Region
Africa
South Africa
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East
UAE
Rest-of-MEA
Miidle East
North America
Canada
Mexico
US
Rest-of-North America
South America
Rest-of-Latin America

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Electric Bus Market Trends

This section covers the major market trends shaping the Electric Bus Market according to our research experts:

HEV is the largest segment by Fuel Type.

  • Fuel constitutes a major part of the operating cost of any vehicle. Using an electric bus for public transport reduces fuel costs, as well as other upfront costs and the total cost of ownership. By 2030, the prices for electric buses are expected to decline to the price level of diesel-fueled buses. Electric buses help reduce 81-83% of the maintenance and operating costs compared to a diesel-engine bus. The rising general awareness about air pollution, climate change, and increasing diesel prices are some of the factors incentivizing most state and city transport authorities to increasingly accommodate clean public transport solutions in their regional development plans.
  • The e-bus market has the potential to fill the gaps in the public transport system. By reducing expenses related to operation and maintenance and cutting down hidden costs linked to public health and the environment, mass electrification of public buses may allow the concerned stakeholders to reap huge benefits and help strike a balance in providing returns between the service providers and the service users over the long run. With a strong government push for EV transition, the public transport authorities and e-bus suppliers may drive the market with the help of a proper regulatory framework and market mechanism.
  • The e-bus ecosystem is being implemented in accordance with established government guidelines. However, there is an immediate challenge of setting up and managing e-bus charging stations in terms of planning, the extent of stakeholders' responsibilities, and operation, which must be addressed as a high priority to expedite the development of the e-bus ecosystem across the world.  
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North America is the largest segment by Region.

  • Fuel constitutes a major part of the operating cost of any vehicle. With the increasing costs of fuel, using an electric bus for public transport reduces not only the fuel cost but also other upfront costs and the total cost of ownership. By 2030, the prices for electric buses are expected to decline to those of diesel-fueled buses. Electric buses help reduce 81-83% of the maintenance and operating costs compared to diesel-engine buses.
  • An average diesel transit bus costs approximately USD 500,000, compared to USD 750,000 for an electric bus. Despite these higher upfront costs, electric buses are often a cost-efficient alternative, producing major savings over the course of their lifetimes by offering lower operating costs from reduced spending on maintenance and fuel while also providing greater predictability in costs due to the relative stability of electricity prices compared to fossil fuel prices. Electric buses are becoming more financially viable with favorable policies; they have substantially reduced maintenance and fuel costs. According to electric bus manufacturers, electric buses save USD 400,000 in fuel expenses and nearly USD 125,000 in maintenance costs, more than making up for the higher upfront cost.
  • The aforementioned factors of the e-bus ecosystem are being implemented in accordance with established government guidelines. However, there are immediate challenges in setting up and managing e-bus charging stations in terms of planning, the extent of stakeholders' responsibilities, and operations that must be addressed on a high priority in order to expedite the development of the e-bus ecosystem across the world.
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Electric Bus Industry Overview

The Global Electric Bus Market is fairly consolidated, with the top five companies occupying 67.30%. The major players in this market are Anhui Ankai Automobile Co. Ltd, BYD Company Limited, King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Group Co. Ltd. and Zhongtong Bus Holding Co. Ltd. (sorted alphabetically).

Electric Bus Market Leaders

  1. Anhui Ankai Automobile Co. Ltd

  2. BYD Company Limited

  3. King Long United Automotive Industry Co. Ltd.

  4. Zhengzhou Yutong Group Co. Ltd.

  5. Zhongtong Bus Holding Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

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Electric Bus Market News

  • June 2022: Ashok Leyland's EV arm unveils the electric bus platform EiV12, the buses would be available in two variants EiV 12 low floor and EiV 12 standard buses that would offer the best in reliability, range, and comfort.
  • April 2022: Proterra introduced the new ZX5 electric bus with 738 kilowatt hours of energy
  • March 2022: Proterra Inc announced a strategic, multi-year supply agreement with The Shyft Group to power their Blue Arc purpose-built electric delivery van and EV chassis.

Electric Bus Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Battery Price (per Kwh)

    7. 2.7. Logistics Performance Index

    8. 2.8. Electrification Impact

    9. 2.9. New XEV Models Announced

    10. 2.10. Charging Stations Deployment

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Fuel Type

      1. 3.1.1. BEV

      2. 3.1.2. FCEV

      3. 3.1.3. HEV

      4. 3.1.4. PHEV

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. South Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. Australia

        2. 3.2.2.2. China

        3. 3.2.2.3. India

        4. 3.2.2.4. Indonesia

        5. 3.2.2.5. Japan

        6. 3.2.2.6. Malaysia

        7. 3.2.2.7. South Korea

        8. 3.2.2.8. Thailand

        9. 3.2.2.9. Rest-of-APAC

      3. 3.2.3. Europe

        1. 3.2.3.1. Austria

        2. 3.2.3.2. Belgium

        3. 3.2.3.3. Czech Republic

        4. 3.2.3.4. Denmark

        5. 3.2.3.5. Estonia

        6. 3.2.3.6. France

        7. 3.2.3.7. Germany

        8. 3.2.3.8. Ireland

        9. 3.2.3.9. Italy

        10. 3.2.3.10. Latvia

        11. 3.2.3.11. Lithuania

        12. 3.2.3.12. Norway

        13. 3.2.3.13. Poland

        14. 3.2.3.14. Russia

        15. 3.2.3.15. Spain

        16. 3.2.3.16. Sweden

        17. 3.2.3.17. UK

        18. 3.2.3.18. Rest-of-Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. UAE

        2. 3.2.4.2. Rest-of-MEA

      5. 3.2.5. Miidle East

      6. 3.2.6. North America

        1. 3.2.6.1. Canada

        2. 3.2.6.2. Mexico

        3. 3.2.6.3. US

        4. 3.2.6.4. Rest-of-North America

      7. 3.2.7. South America

        1. 3.2.7.1. Rest-of-Latin America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Anhui Ankai Automobile Co. Ltd

      2. 4.4.2. Ashok Leyland

      3. 4.4.3. BYD Company Limited

      4. 4.4.4. Daimler AG

      5. 4.4.5. King Long United Automotive Industry Co. Ltd.

      6. 4.4.6. NFI Group Inc.

      7. 4.4.7. Proterra Inc.

      8. 4.4.8. Tata Motors Limited

      9. 4.4.9. Volvo Group

      10. 4.4.10. Zhengzhou Yutong Group Co. Ltd.

      11. 4.4.11. Zhongtong Bus Holding Co. Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 3:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 4:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 5:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 6:  

    GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 7:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 8:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 9:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 10:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 11:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 12:  

    GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 13:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 14:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 15:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 16:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 17:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 18:  

    GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 19:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 20:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 21:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 22:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 23:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 24:  

    GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 25:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 26:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 27:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 28:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 29:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 30:  

    GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 31:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 32:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 33:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 34:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 35:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 36:  

    GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 37:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 38:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 39:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 40:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 41:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 42:  

    GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 43:  

    GLOBAL ELECTRIC BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 44:  

    GLOBAL ELECTRIC BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 45:  

    GLOBAL ELECTRIC BUS MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 46:  

    GLOBAL ELECTRIC BUS MARKET, VALUE IN USD, 2016 – 2026

    Figure 47:  

    GLOBAL ELECTRIC BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 48:  

    GLOBAL ELECTRIC BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 49:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 50:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 51:  

    GLOBAL ELECTRIC BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028

    Figure 52:  

    GLOBAL ELECTRIC BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028

    Figure 53:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 54:  

    GLOBAL ELECTRIC BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028

    Figure 55:  

    GLOBAL ELECTRIC BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028

    Figure 56:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 57:  

    GLOBAL ELECTRIC BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028

    Figure 58:  

    GLOBAL ELECTRIC BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028

    Figure 59:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 60:  

    GLOBAL ELECTRIC BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028

    Figure 61:  

    GLOBAL ELECTRIC BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028

    Figure 62:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 63:  

    GLOBAL ELECTRIC BUS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028

    Figure 64:  

    GLOBAL ELECTRIC BUS MARKET, BY REGION, BY VALUE IN USD, 2016-2028

    Figure 65:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 66:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 67:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 68:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 69:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 70:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 71:  

    GLOBAL ELECTRIC BUS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028

    Figure 72:  

    GLOBAL ELECTRIC BUS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028

    Figure 73:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 74:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 75:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 76:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 77:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 78:  

    GLOBAL ELECTRIC BUS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028

    Figure 79:  

    GLOBAL ELECTRIC BUS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028

    Figure 80:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 81:  

    GLOBAL ELECTRIC BUS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028

    Figure 82:  

    GLOBAL ELECTRIC BUS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028

    Figure 83:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 84:  

    GLOBAL ELECTRIC BUS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028

    Figure 85:  

    GLOBAL ELECTRIC BUS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028

    Figure 86:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 87:  

    GLOBAL ELECTRIC BUS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028

    Figure 88:  

    GLOBAL ELECTRIC BUS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028

    Figure 89:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 90:  

    GLOBAL ELECTRIC BUS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028

    Figure 91:  

    GLOBAL ELECTRIC BUS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028

    Figure 92:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 93:  

    GLOBAL ELECTRIC BUS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 94:  

    GLOBAL ELECTRIC BUS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028

    Figure 95:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 96:  

    GLOBAL ELECTRIC BUS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028

    Figure 97:  

    GLOBAL ELECTRIC BUS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028

    Figure 98:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 99:  

    GLOBAL ELECTRIC BUS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028

    Figure 100:  

    GLOBAL ELECTRIC BUS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028

    Figure 101:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 102:  

    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028

    Figure 103:  

    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028

    Figure 104:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 105:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 106:  

    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 107:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 108:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 109:  

    GLOBAL ELECTRIC BUS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028

    Figure 110:  

    GLOBAL ELECTRIC BUS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028

    Figure 111:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 112:  

    GLOBAL ELECTRIC BUS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028

    Figure 113:  

    GLOBAL ELECTRIC BUS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028

    Figure 114:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 115:  

    GLOBAL ELECTRIC BUS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028

    Figure 116:  

    GLOBAL ELECTRIC BUS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028

    Figure 117:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 118:  

    GLOBAL ELECTRIC BUS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028

    Figure 119:  

    GLOBAL ELECTRIC BUS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028

    Figure 120:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 121:  

    GLOBAL ELECTRIC BUS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028

    Figure 122:  

    GLOBAL ELECTRIC BUS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028

    Figure 123:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 124:  

    GLOBAL ELECTRIC BUS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028

    Figure 125:  

    GLOBAL ELECTRIC BUS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028

    Figure 126:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 127:  

    GLOBAL ELECTRIC BUS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028

    Figure 128:  

    GLOBAL ELECTRIC BUS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028

    Figure 129:  

    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 130:  

    GLOBAL ELECTRIC BUS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028

    Figure 131:  

    GLOBAL ELECTRIC BUS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY UK, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY UAE, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY US, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028

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    GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

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    GLOBAL ELECTRIC BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 201:  

    GLOBAL ELECTRIC BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 202:  

    GLOBAL ELECTRIC BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - A road vehicle that carries significantly more passengers than an average car or van. It is most commonly used in public transport but is also used for charter purposes or private ownership.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion. Under this category, electric buses have been included.
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type -
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes medium and heavy-duty buses.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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Electric Bus Market Research FAQs

The Global Electric Bus Market is studied from 2016 - 2028.

The Global Electric Bus Market is growing at a CAGR of 16.72% over the next 5 years.

HEV is growing at the highest CAGR over 2016 - 2028.

North America holds highest share in 2021.

Anhui Ankai Automobile Co. Ltd, BYD Company Limited, King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus Holding Co. Ltd. are the major companies operating in Global Electric Bus Market.

Global Electric Bus Industry Report

Statistics for the 2023 Global Electric Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Electric Bus analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.