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

The report covers Automotive Electric Bus & Coach Manufacturers and is segmented by Propulsion type (Battery Electric Bus, Plug-in Hybrid Electric Bus, and Fuel Cell Electric Bus), By battery type (Lithium-ion, Nickel-metal hydride battery (NiMH), and Others), By Consumer Type (Government and Fleet Operators), and by Country. The report offers the market size and forecasts for the Europe Electric Bus Market in Value (USD billion) for all the above segments.

Europe Electric Bus Market Size

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Europe Electric Bus Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.76 Billion
Market Size (2029) USD 3.48 Billion
CAGR (2024 - 2029) 14.56 %
Market Concentration Medium

Major Players

Europe Electric Bus Market

*Disclaimer: Major Players sorted in no particular order


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Europe Electric Bus Market Analysis

The Europe Electric Bus Market size is estimated at USD 1.76 billion in 2024, and is expected to reach USD 3.48 billion by 2029, growing at a CAGR of 14.56% during the forecast period (2024-2029).

  • Clean technologies in public transportation are more and more needed in the current scenario to cope with air pollution in urban areas. The demand for electric buses in Europe has augmented dramatically over the last decade.
  • The factors which are driving the Electric Bus (EB) demand in Europe are stringent emission regulations, high dependence on conventional or non-renewable fuels, strong environmental ethics, and the growing need to integrate renewables into a network. The penetration of charging infrastructure also plays an important role in market development.
  • The electric bus market is growing significantly in Europe. However, there are a few challenges in the market, such as charging a large number of EBs is the potential impact on the grid and on the batteries, simultaneous charging of an EBs fleet could drive to a tremendous high power peak, oversizing of infrastructures, equipment, and grid supply subscription could generate extra costs.
  • Major European Electric Bus markets include the United Kingdom, Netherlands, Norway, Luxembourg, and Poland. The United Kingdom and other Central European countries are upgrading their fleet with low or zero-emission buses and retrofitting the old buses with low-emission powertrains, which in turn is projected to intensify the growth of the electric bus market in Europe during the forecast period.

Europe Electric Bus Market Trends

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

Rising Transitions Of Urban Bus Fleet To Electric Power

The Urban bus fleets in Europe should largely transition to electric power by 2030, supported by the proposed e-bus target of 75% of all buses sold in Europe by that year. The initiative is supported by public-transit operators and city governments. Over the past five years, the number of electric buses in Europe has increased from around 200 to more than 2,500 vehicles.

Growing customer demand for e-bus is primarily a combination of regulatory and environmental concerns that largely drives European city e-bus markets. In Europe's largely stagnant bus market, large cities and 'green countries' are adopting electric buses to curb air and noise pollution, which is an urgent issue, and to fulfill their commitments to safeguard citizens from environmental dangers.

Several countries in the European region have taken steps toward transitioning their public transport fleet to hydrogen fuel-powered vehicles in order to meet their own emission targets. For instance,

In June 2020, Germany adopted the National Hydrogen Strategy after approval from its federal cabinet. The policy extends a total investment of EUR 7 Billion by the country into ramping up the existing public transport fleet to hydrogen technologies in the future. The funding will be available for the utilization of both vehicles and infrastructure development.

By the end of the decade, e-buses are likely to account for approximately three-quarters of annual urban bus sales. The growing demand for e-buses largely reflects the overall trend among cities to embrace electrification and new mobility business models and technologies, such as shared mobility and autonomous vehicles.

Electric Bus Market_Trend 1

Western European Countries Are Likely To Lead The Market

France, the United Kingdom, Poland, the Nordics, the Netherlands, and Germany together account for more than half the total number of electric buses in Europe. In 2015, 195 states and the European Union unanimously approved the COP21 agreement. Since 2016, 174 countries have begun adopting the agreement into their own legal system. Following this, municipalities have adjusted or are in the process of adjusting tender criteria to induce a shift to ZE vehicles in new concessions.

Additionally, several governments of the region are promoting the use of zero-emission buses. For instance, In November 2021, Belgium announced the Belgian Hydrogen Vision and Strategy after its approval by the Council of Ministers. The policy mainly focused on three sectors for electrification by hydrogen, including the country's transportation sector. With this, the country expects to be reliable on hydrogen and go fully carbon neutral in transport by 2050.

The Netherlands is mandating 100% sales of zero-emission vehicle (ZEV) public transport buses by 2025, followed by a 100% ZEV fleet by 2030, replacing all fossil fuel vehicles. At the regional level, cities, regions, manufacturers, and transport organizations endorsed a common ambition to accelerate the rollout of clean buses, formalized by the signing of the European Clean Bus Deployment Initiative. Besides battery electric buses, fuel cell buses are also considered clean when running on green hydrogen.

Electric Bus Market_Trend2

Europe Electric Bus Industry Overview

The European electric bus market is growing and led by a few major players such as Solaris Bus & Coach, IVECO Bus, Traton Group, AB Volvo, Mercedes-Benz Group AG, etc. There are now some 800 electric-powered Solaris circulating in 72 cities, including Berlin (90), Milan (250), and Warsaw (130). 47% of the buses built by Solaris are powered by an alternative propulsion system.

In July 2021, MZK in Konin stated that it would be the first public transport operator in Poland to add a hydrogen bus to its fleet. Secured by Solaris Bus & Coach, the contract stipulates the four-year lease of a Urbino 12 hydrogen bus propelled with energy derived from hydrogen. The vehicle will be delivered to Konin in 2022.

VDL Bus&Coach started building a new, climate-neutral factory in Roeselare, Belgium, where the first bus commenced manufacturing at the beginning of 2022. The industrial buildings are designed in such a way that only electrically powered buses can be built in a climate-neutral and efficient manner.

Europe Electric Bus Market Leaders

  1. Solaris Bus & Coach

  2. Volvo Buses


  4. IVECO S.p.A

  5. Mercedes-Benz Group AG

*Disclaimer: Major Players sorted in no particular order

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Europe Electric Bus Market News

  • In June 2022, Van Hool Introduced a new range of zero-emission public buses A-Series, at the European Mobility Expo in Paris. The A-series of zero-emission buses will feature options of a battery-electric and fuel cell (hydrogen) powertrain. There will also be four different lengths (12m, 13m, 18m, and 24m), each having two to five passenger doors.
  • In April 2022, Switch Mobility showed its new Metrocity electric bus at BUS2BUS in Berlin. Later in June 2022, the company launched its new 12-meter bus at the European Mobility Expo in Paris.
  • In August 2021, Alexander Dennis Limited (ADL), a subsidiary of NFI Group Inc. (NFI), announced that it had been selected by the Liverpool City Region Combined Authority as a supplier for 20 zero-emission hydrogen double-deck buses following a competitive tendering process. The buses will initially serve the City Region's busiest route, the 10A between St Helens and Liverpool city Centre. This hydrogen bus project is a key part of Liverpool City Region Metro Mayor Steve Rotheram's 'Vision for Bus,' as Liverpool City Region has a set target to become net-zero carbon emission by 2040.
  • In July 2021, Toyota announced that Caetano Bus, the Portuguese bus manufacturing company, and Toyota announced the co-branding of the battery-electric city bus, the e-City Gold, and the fuel cell electric bus, the H2.City Gold.

Europe Electric Bus Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Propulsion Type

      1. 5.1.1 Battery Electric Bus

      2. 5.1.2 Plug-in Hybrid Electric Bus

      3. 5.1.3 Fuel Cell Electric Bus

    2. 5.2 By Battery Type

      1. 5.2.1 Lithium-ion

      2. 5.2.2 Nickel-Metal Hydride Battery (NiMH),

      3. 5.2.3 Others

    3. 5.3 By Consumer Type

      1. 5.3.1 Government

      2. 5.3.2 Fleet Operators

    4. 5.4 By Country

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 France

      4. 5.4.4 Italy

      5. 5.4.5 Netherlands

      6. 5.4.6 Norway

      7. 5.4.7 Spain

      8. 5.4.8 Poland

      9. 5.4.9 Other Countries


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Solaris Bus & Coach sp. z o.o.

      2. 6.2.2 Traton Group

      3. 6.2.3 Mercedes-Benz Group AG

      4. 6.2.4 IVECO Group

      5. 6.2.5 AB Volvo

      6. 6.2.6 EBUSCO

      7. 6.2.7 VDL Bus & Coach BV

      8. 6.2.8 BYD Auto Co. Ltd

      9. 6.2.9 Otokar Otomotiv Ve Savunma Sanayi AS

      10. 6.2.10 Van Hool

    3. *List Not Exhaustive

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Europe Electric Bus Industry Segmentation

The European Electric Bus Market is segmented by Propulsion type (Battery Electric Bus, Plug-in Hybrid Electric Bus, and Fuel Cell Electric Bus), By battery type (Lithium-ion, Nickel-metal hydride battery (NiMH), and Others), By Consumer Type (Government and Fleet Operators), and by Country. The report offers the market size and forecasts in Value (USD billion) for all the above segments.

The Europe Electric Bus Market covers the latest electric bus demand trends, technological development, latest government policies, battery technologies, etc. It also covers the market share of major electric bus manufacturers across Europe.

By Propulsion Type
Battery Electric Bus
Plug-in Hybrid Electric Bus
Fuel Cell Electric Bus
By Battery Type
Nickel-Metal Hydride Battery (NiMH),
By Consumer Type
Fleet Operators
By Country
United Kingdom
Other Countries
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Europe Electric Bus Market Research FAQs

The Europe Electric Bus Market size is expected to reach USD 1.76 billion in 2024 and grow at a CAGR of 14.56% to reach USD 3.48 billion by 2029.

In 2024, the Europe Electric Bus Market size is expected to reach USD 1.76 billion.

Solaris Bus & Coach, Volvo Buses, TRATON GROUP, IVECO S.p.A and Mercedes-Benz Group AG are the major companies operating in the Europe Electric Bus Market.

In 2023, the Europe Electric Bus Market size was estimated at USD 1.54 billion. The report covers the Europe Electric Bus Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Electric Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Key trends that are shaping the Europe Electric Buses Market include a) Advancements in battery technology b) Wireless charging solutions c) Integration of smart technologies for enhanced bus operations

Europe Electric Bus Industry Report

The electric buses market in Europe is witnessing transformative growth, fueled by environmental concerns, technological advancements, and supportive government policies aimed at reducing urban air pollution and greenhouse gas emissions. This surge in adoption is bolstered by significant improvements in battery technology and the expansion of charging infrastructure, making electric buses a sustainable and efficient option for public transportation. With the backing of financial incentives, grants, and subsidies, Europe is rapidly moving towards electrifying its public transit, driven by the goal of improving air quality and reducing carbon footprints through zero-emission zones and clean transportation solutions. The market, analyzed by Mordor Intelligence™, is segmented by propulsion type, battery type, and more, reflecting its readiness for urban and intercity transport needs. Europe's commitment to sustainable urban development is evident in the market's continued growth, as cities invest in electric buses as part of their cleaner transportation strategies. For detailed insights, a free report PDF download is available, offering a comprehensive market forecast outlook and historical overview of the Europe Electric Bus market.

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