Electric Bus Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Global Automotive Electric Bus Manufacturers and is Segmented by Fuel Type (BEV, FCEV, HEV, PHEV) and by Region (Africa, Asia-Pacific, Europe, Middle East, Middle East, North America, South America).

Electric Bus Market Size

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Global Electric Bus Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 45.00 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 116.46 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 20.95 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Fuel Type HEV
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region North America

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Electric Bus Market Analysis

The Global Electric Bus Market size is estimated at USD 45 billion in 2024, and is expected to reach USD 116.46 billion by 2029, growing at a CAGR of 20.95% during the forecast period (2024-2029).

  • 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 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.  
Global Electric Bus Market

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.
Global Electric Bus Market

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

Global Electric Bus Market
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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

  1. Figure 1:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 3:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 4:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 5:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 6:  
  2. GLOBAL ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 7:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 8:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 9:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 10:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 11:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 12:  
  2. GLOBAL ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 13:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 14:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 15:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 16:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 17:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 18:  
  2. GLOBAL ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 19:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 20:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 21:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 22:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 23:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 24:  
  2. GLOBAL ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 25:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 26:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 27:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 28:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 29:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 30:  
  2. GLOBAL ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 31:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 32:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 33:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 34:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 35:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 36:  
  2. GLOBAL ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 37:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 38:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 39:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 40:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 41:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 42:  
  2. GLOBAL ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 43:  
  2. GLOBAL ELECTRIC BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 44:  
  2. GLOBAL ELECTRIC BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 45:  
  2. GLOBAL ELECTRIC BUS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 46:  
  2. GLOBAL ELECTRIC BUS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 47:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 50:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 51:  
  2. GLOBAL ELECTRIC BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 52:  
  2. GLOBAL ELECTRIC BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 53:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 54:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 55:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 56:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 57:  
  2. GLOBAL ELECTRIC BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 58:  
  2. GLOBAL ELECTRIC BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 59:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 60:  
  2. GLOBAL ELECTRIC BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 61:  
  2. GLOBAL ELECTRIC BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 62:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 63:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
  1. Figure 64:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REGION, BY VALUE IN USD, 2016-2028
  1. Figure 65:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 66:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 67:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 68:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 69:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 70:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 71:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 72:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028
  1. Figure 73:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 74:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 75:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 76:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 77:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 78:  
  2. GLOBAL ELECTRIC BUS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 79:  
  2. GLOBAL ELECTRIC BUS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028
  1. Figure 80:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 81:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 82:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028
  1. Figure 83:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 84:  
  2. GLOBAL ELECTRIC BUS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 85:  
  2. GLOBAL ELECTRIC BUS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
  1. Figure 86:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 87:  
  2. GLOBAL ELECTRIC BUS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. GLOBAL ELECTRIC BUS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 90:  
  2. GLOBAL ELECTRIC BUS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 91:  
  2. GLOBAL ELECTRIC BUS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028
  1. Figure 92:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 93:  
  2. GLOBAL ELECTRIC BUS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 94:  
  2. GLOBAL ELECTRIC BUS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028
  1. Figure 95:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 96:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 97:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028
  1. Figure 98:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 99:  
  2. GLOBAL ELECTRIC BUS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 100:  
  2. GLOBAL ELECTRIC BUS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028
  1. Figure 101:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 102:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 103:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028
  1. Figure 104:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 105:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 106:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 107:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 108:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 109:  
  2. GLOBAL ELECTRIC BUS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 110:  
  2. GLOBAL ELECTRIC BUS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 111:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 112:  
  2. GLOBAL ELECTRIC BUS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 113:  
  2. GLOBAL ELECTRIC BUS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 114:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 115:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 116:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 117:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 118:  
  2. GLOBAL ELECTRIC BUS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 119:  
  2. GLOBAL ELECTRIC BUS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 120:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 121:  
  2. GLOBAL ELECTRIC BUS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 122:  
  2. GLOBAL ELECTRIC BUS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 123:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 124:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 125:  
  2. GLOBAL ELECTRIC BUS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 126:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 127:  
  2. GLOBAL ELECTRIC BUS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 128:  
  2. GLOBAL ELECTRIC BUS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 129:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 130:  
  2. GLOBAL ELECTRIC BUS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 131:  
  2. GLOBAL ELECTRIC BUS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 132:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 133:  
  2. GLOBAL ELECTRIC BUS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 134:  
  2. GLOBAL ELECTRIC BUS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 135:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 136:  
  2. GLOBAL ELECTRIC BUS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 137:  
  2. GLOBAL ELECTRIC BUS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 138:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 139:  
  2. GLOBAL ELECTRIC BUS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 140:  
  2. GLOBAL ELECTRIC BUS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 141:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 142:  
  2. GLOBAL ELECTRIC BUS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 143:  
  2. GLOBAL ELECTRIC BUS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 144:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 145:  
  2. GLOBAL ELECTRIC BUS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 146:  
  2. GLOBAL ELECTRIC BUS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 147:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 148:  
  2. GLOBAL ELECTRIC BUS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 149:  
  2. GLOBAL ELECTRIC BUS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 150:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 151:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 152:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 153:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 154:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 155:  
  2. GLOBAL ELECTRIC BUS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 156:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 157:  
  2. GLOBAL ELECTRIC BUS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 158:  
  2. GLOBAL ELECTRIC BUS MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 159:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 160:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 161:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 162:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 163:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 164:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 165:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 166:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 167:  
  2. GLOBAL ELECTRIC BUS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 168:  
  2. GLOBAL ELECTRIC BUS MARKET, BY UAE, BY VALUE IN USD, 2016-2028
  1. Figure 169:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 170:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 171:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028
  1. Figure 172:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 173:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 174:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 175:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 176:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 177:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 178:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 179:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 180:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 181:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 182:  
  2. GLOBAL ELECTRIC BUS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 183:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 184:  
  2. GLOBAL ELECTRIC BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 185:  
  2. GLOBAL ELECTRIC BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 186:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 187:  
  2. GLOBAL ELECTRIC BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 188:  
  2. GLOBAL ELECTRIC BUS MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 189:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 190:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 191:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 192:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 193:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 194:  
  2. GLOBAL ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 195:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 196:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 197:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 198:  
  2. GLOBAL ELECTRIC BUS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 199:  
  2. GLOBAL ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 200:  
  2. GLOBAL ELECTRIC BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 201:  
  2. GLOBAL ELECTRIC BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 202:  
  2. GLOBAL ELECTRIC BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

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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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.
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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
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Electric Bus Market Research FAQs

The Global Electric Bus Market size is expected to reach USD 45.00 billion in 2024 and grow at a CAGR of 20.95% to reach USD 116.46 billion by 2029.

In 2024, the Global Electric Bus Market size is expected to reach USD 45.00 billion.

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. are the major companies operating in the Global Electric Bus Market.

In the Global Electric Bus Market, the HEV segment accounts for the largest share by fuel type.

In 2024, North America accounts for the largest share by region in the Global Electric Bus Market.

In 2023, the Global Electric Bus Market size was estimated at USD 35.03 billion. The report covers the Global Electric Bus Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Electric Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

EV Bus Industry Report

Statistics for the 2024 EV Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EV Bus analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Electric Bus Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)