North America Electric Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The North America Electric Bus Market is segmented by Fuel Type ( BEV, FCEV, HEV, PHEV ) and by Country ( Canada, Mexico, US, Rest-of-North America )

North America Electric Bus Market Size

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North America 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 1.84 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 4.00 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Fuel Type FCEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 16.80 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country US

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Electric Bus Market Analysis

The North America Electric Bus Market size is estimated at USD 1.84 billion in 2024, and is expected to reach USD 4 billion by 2029, growing at a CAGR of 16.80% during the forecast period (2024-2029).

  • Largest Segment by Fuel Type - FCEV : Hybrid propulsion buses type is largely used in North America. Government support in the form of subsidies in the past years and stringent emission norms makes Hybrid buses the largest fuel type.
  • Fastest-growing Segment by Fuel Type - PHEV : 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 in the North America.
  • Largest Segment by Country - US : Canada was the largest electric bus market in 2021. The government's focus on zero-emission commercial usage encouraged many companies to manufacture E- buses in Canada.

North America Electric Bus Market Trends

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

FCEV is the largest segment by Fuel Type.

  • By 2027, the market share for electric buses in North America is expected to be worth more than USD 850 million. Plans are being developed by the governments of the United States and Canada to build sophisticated charging infrastructure throughout the region. The Federal Transit Administration (FTA), a division of the US Department of Transportation, distributed awards totaling about USD 182 million in June 2021. Around 49 electric bus projects across 46 states are expected to use these incentives.
  • Electric bus manufacturers in North America include Daimler, Volvo, Scania AB, BYD Company Limited, and GreenPower Motor Company Inc. In order to improve the performance of batteries of various capacities, including those below 100 kWh, 100-300 kWh, and above 300 kWh, innovative technologies are being used. Applications for intercity and intracity travel will be valid for buses with seating capacities of less than 40, between 40 and 70, and greater than 70 seats.
  • Around 386,000 electric buses are currently deployed worldwide, with 99% of them in China and fewer than 0.1% (only 350 buses) in the United States. By 2030, 84% of all new municipal buses sold may be electric, and by 2025, half of the world's fleet of municipal buses will be electric. In addition to the 33% of all cars on the planet, 80% of metropolitan bus fleets may be electric by 2040. City buses, as opposed to intercity or charter buses, travel over shorter distances and are frequently returned to a central depot where they may be recharged. This makes them particularly well-suited for electric power. Battery-charged vehicles typically have a driving range of 70-100 miles, and some can go up to 265 miles before needing to be recharged (diesel buses have an average range of 690 miles).
North America Electric Bus Market

US is the largest segment by Country.

  • Since being first introduced in 2010, electric vehicles have undergone significant technological advancements. Some technological breakthroughs in the electric vehicle market in recent years include increased battery capacity, improved performance and efficiency, designs and aesthetics, IoT-connected buses, fleet systems, etc. In the near future, electric vehicles are expected to undergo a massive technological transformation that could lead to positive changes in the technology of electric buses. 
  • The electric bus market was negatively impacted by COVID-19, which also completely shut down the transportation sector. The production of electric buses was fully halted due to a number of problems, including a labor shortage, a lack of resources, a disturbance in the supply chain, and the abrupt end of government subsidies. The global supply chain breakdown that caused a severe scarcity of necessary raw materials and accessories and halted all manufacture was the most detrimental effect. 
  • By 2027, the market share for electric buses in North America is expected to be worth more than USD 850 million. Plans are being developed by the governments of the United States and Canada to build sophisticated charging infrastructure throughout the region. The Federal Transit Administration (FTA), a division of the US Department of Transportation, distributed award totaling about USD 182 million in June 2021. Around 49 electric bus projects across 46 states are expected to use these incentives. The FTA's Low-No Program will assist transportation organizations in renting or buying electric and hydrogen buses and other vehicles that utilize green technologies and fuels. 
North America Electric Bus Market

North America Electric Bus Industry Overview

The North America Electric Bus Market is fairly consolidated, with the top five companies occupying 79.90%. The major players in this market are BYD Co. Ltd., Gillig LLC, Lion Electric Company, NFI Group Inc. and Proterra Inc. (sorted alphabetically).

North America Electric Bus Market Leaders

  1. BYD Co. Ltd.

  2. Gillig LLC

  3. Lion Electric Company

  4. NFI Group Inc.

  5. Proterra Inc.

*Disclaimer: Major Players sorted in no particular order

North America Electric Bus Market
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North America Electric Bus Market News

  • June 2022: Greenpower takes possession of the West Virginia manufacturing facility for all electric school transportation.
  • May 2022: Greenpower all-electric type D and type A school buses are eligible for rebates of Up To $375,000 and $285,000 respectively under The Epa'S Clean School Bus Program
  • April 2022: Proterra introduced the new ZX5 electric bus with 738 kilowatt hours of energy

North America Electric Bus Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  2. 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

  3. 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. Country

      1. 3.2.1. Canada

      2. 3.2.2. Mexico

      3. 3.2.3. US

      4. 3.2.4. Rest-of-North America

  4. 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. Blue Bird Corporation

      2. 4.4.2. BYD Co. Ltd.

      3. 4.4.3. Daimler AG

      4. 4.4.4. Dina SA

      5. 4.4.5. Gillig LLC

      6. 4.4.6. GreenPower Motor Company

      7. 4.4.7. Lion Electric Company

      8. 4.4.8. NFI Group Inc.

      9. 4.4.9. Proterra Inc.

      10. 4.4.10. Volvo Group

  5. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  6. 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. NORTH AMERICA ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 8:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 9:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 11:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 12:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 13:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 14:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 15:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 16:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 17:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 18:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 19:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
  1. Figure 20:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
  1. Figure 23:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
  1. Figure 26:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 27:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 28:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
  1. Figure 29:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 30:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 31:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 32:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 33:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 34:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 35:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 36:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 37:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 38:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 39:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 40:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 41:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 42:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 43:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 44:  
  2. NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 45:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 46:  
  2. NORTH AMERICA ELECTRIC BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 47:  
  2. NORTH AMERICA ELECTRIC BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

North America Electric Bus Industry Segmentation

BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type. Canada, Mexico, US, Rest-of-North America are covered as segments by Country.
Fuel Type
BEV
FCEV
HEV
PHEV
Country
Canada
Mexico
US
Rest-of-North 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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North America Electric Bus Market Research FAQs

The North America Electric Bus Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 16.80% to reach USD 4.00 billion by 2029.

In 2024, the North America Electric Bus Market size is expected to reach USD 1.84 billion.

BYD Co. Ltd., Gillig LLC, Lion Electric Company, NFI Group Inc. and Proterra Inc. are the major companies operating in the North America Electric Bus Market.

In the North America Electric Bus Market, the FCEV segment accounts for the largest share by fuel type.

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

In 2023, the North America Electric Bus Market size was estimated at USD 1.41 billion. The report covers the North America Electric Bus Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Electric Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Electric Bus Industry Report

Statistics for the 2024 North America Electric Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Electric 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.

North America Electric Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029