Market Size of Latin America Electric Bus Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Electric Bus Market Analysis
The Latin America electric bus market is anticipated to register a CAGR of about 15% during the forecast period (2020 - 2025).
- The rapid urbanization, growing environmental concerns, traffic congestion, shifting mobility patterns, government promoting public transport, are anticipated to fuel the demand of the Latin American electric bus market in the forecast period.
- In a year one electric bus is capable of reducing up to 60 tons of carbon emissions. Many countries around the region are using electric buses and other electric vehicles to reduce emissions and air pollution, and while some are making progress by following, others for the adoption of the electric vehicle.
- According to the United Nations Environment Programme's Integrated Assessment of Short-lived Climate Pollutants in Latin America and the Caribbean report, around 64,000 people prematurely die every year in Latin America and the Caribbean due to air pollution that to which is caused by transportation.
