North America Electric Bus Industry Overview
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Study Period: | 2016 - 2028 |
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Largest Share by Fuel Type: | FCEV |
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Largest Share by Country: | US |
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CAGR: | 5.50 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Electric Bus Market Analysis
The North America Electric Bus Market is projected to register a CAGR of 5.50%
- 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 Industry Segments
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 |
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).
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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.
To understand geography trends, Download Sample Report
North America Electric Bus Market Competitor Analysis
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 Top Players
BYD Co. Ltd.
Gillig LLC
Lion Electric Company
NFI Group Inc.
Proterra Inc.
*Disclaimer: Major Players sorted in no particular order
North America Electric Bus Market Recent Developments
- 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. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Population
2.2. GDP
2.3. CVP
2.4. Inflation Rate
2.5. Interest Rate For Auto Loans
2.6. Battery Price (per Kwh)
2.7. Logistics Performance Index
2.8. Electrification Impact
2.9. New XEV Models Announced
2.10. Charging Stations Deployment
2.11. Regulatory Framework
2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Fuel Type
3.1.1. BEV
3.1.2. FCEV
3.1.3. HEV
3.1.4. PHEV
3.2. Country
3.2.1. Canada
3.2.2. Mexico
3.2.3. US
3.2.4. Rest-of-North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Blue Bird Corporation
4.4.2. BYD Co. Ltd.
4.4.3. Daimler AG
4.4.4. Dina SA
4.4.5. Gillig LLC
4.4.6. GreenPower Motor Company
4.4.7. Lion Electric Company
4.4.8. NFI Group Inc.
4.4.9. Proterra Inc.
4.4.10. Volvo Group
5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
Figure 1:
NORTH AMERICA ELECTRIC BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
Figure 2:
NORTH AMERICA ELECTRIC BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
Figure 3:
NORTH AMERICA ELECTRIC BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
Figure 4:
NORTH AMERICA ELECTRIC BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
Figure 5:
NORTH AMERICA ELECTRIC BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
Figure 6:
NORTH AMERICA ELECTRIC BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
Figure 7:
NORTH AMERICA ELECTRIC BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
Figure 8:
NORTH AMERICA ELECTRIC BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
Figure 9:
NORTH AMERICA ELECTRIC BUS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
Figure 10:
NORTH AMERICA ELECTRIC BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
Figure 11:
NORTH AMERICA ELECTRIC BUS MARKET, VOLUME IN UNITS, 2016 – 2026
Figure 12:
NORTH AMERICA ELECTRIC BUS MARKET, VALUE IN USD, 2016 – 2026
Figure 13:
NORTH AMERICA ELECTRIC BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
Figure 14:
NORTH AMERICA ELECTRIC BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
Figure 15:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
Figure 16:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
Figure 17:
NORTH AMERICA ELECTRIC BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
Figure 18:
NORTH AMERICA ELECTRIC BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
Figure 19:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
Figure 20:
NORTH AMERICA ELECTRIC BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
Figure 21:
NORTH AMERICA ELECTRIC BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
Figure 22:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
Figure 23:
NORTH AMERICA ELECTRIC BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
Figure 24:
NORTH AMERICA ELECTRIC BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
Figure 25:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
Figure 26:
NORTH AMERICA ELECTRIC BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
Figure 27:
NORTH AMERICA ELECTRIC BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
Figure 28:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2021 - 2028
Figure 29:
NORTH AMERICA ELECTRIC BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
Figure 30:
NORTH AMERICA ELECTRIC BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
Figure 31:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
Figure 32:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
Figure 33:
NORTH AMERICA ELECTRIC BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
Figure 34:
NORTH AMERICA ELECTRIC BUS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
Figure 35:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
Figure 36:
NORTH AMERICA ELECTRIC BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
Figure 37:
NORTH AMERICA ELECTRIC BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
Figure 38:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
Figure 39:
NORTH AMERICA ELECTRIC BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
Figure 40:
NORTH AMERICA ELECTRIC BUS MARKET, BY US, BY VALUE IN USD, 2016-2028
Figure 41:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
Figure 42:
NORTH AMERICA ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
Figure 43:
NORTH AMERICA ELECTRIC BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
Figure 44:
NORTH AMERICA ELECTRIC BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
Figure 45:
NORTH AMERICA ELECTRIC BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 46:
NORTH AMERICA ELECTRIC BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 47:
NORTH AMERICA 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.
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
