Electric Bus Market
Electric Bus Market Market Scope: Industry Analysis, Market Size, Growth,
till 2030
Electric Bus Market Size and Growth
The electric bus market has seen significant growth due to increasing demand for eco-friendly transportation solutions, driven by government initiatives to reduce carbon emissions and improve urban air quality. In 2023, the market size was valued at USD 81.3 billion and is projected to grow at a CAGR of over 14% between 2024 and 2032, reaching substantial levels as more cities transition to electric public transport systems
Companies Covered : (Covid-19 Impact Covered)
• BYD Company Ltd.
• Yutong
• Proterra Inc.
• Volvo Group
• Daimler AG
• Ankai
• NFI Group Inc.
Tata Motors & These companies are pioneering advancements in electric bus technology, offering products ranging from fully electric buses to hybrid options.
Electric Bus Market Segmentation
By Application
✓ Public Transportation
✓ Private Transportation
By Product
• Battery Electric Buses (BEB)
• Hybrid Electric Buses (HEB)
• Fuel Cell Electric Buses (FCEB)
Size (USD) $ X Billion USD
