Market Size of north america electric bus Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2029 |
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Market Size (2024) | USD 1.84 Billion |
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Market Size (2029) | USD 4.00 Billion |
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Largest Share by Fuel Type | FCEV |
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CAGR (2024 - 2029) | 16.80 % |
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Largest Share by Country | US |
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 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.
