Market Size of united states electric bus Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2029 |
|
Market Size (2024) | USD 1.06 Billion |
|
|
Market Size (2029) | USD 2.50 Billion |
|
Largest Share by Fuel Type | HEV |
|
|
CAGR (2024 - 2029) | 18.72 % |
|
Fastest Growing by Fuel Type | BEV |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
US Electric Bus Market Analysis
The United States Electric Bus Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 2.5 billion by 2029, growing at a CAGR of 18.72% during the forecast period (2024-2029).
- Largest Segment by Fuel Type - HEV : Public and private investments made over the last two decades have developed the buses to compete with ICE-based buses. Which is making Hybrid buses the largest fuel type in US e-bus market.
- Fastest-growing Segment by Fuel Type - BEV : Assistance from both government and private programs to cut carbon emission, and development in charging infrastructure is making BEV the fastest growing fuel type in buses in the US.
