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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Advantages of Electric Buses Expected to Boost Market Growth
Advantages of electric buses are expected to drive the global electric bus market; advantages include:
Minimal Environmental Impact – Electric buses are environmentally-friendly and have minimal environmental impact as against combustion engines running on diesel and even hybrid buses.
Quieter Operation – Electric buses run more quietly as compared to other types of buses with internal combustion engines.
Minimum Maintenance – Electric buses need little maintenance.
Economical – While electric buses may cost more initially, these prove more economical over time as maintenance costs are minimized and fuel costs eliminated.
Electric Bus Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 13.6% in the forecast period of between 2025 and 2034.
The major drivers of the market include the robust development initiatives taken in the modern transport systems, increasing deployment of electric buses in transits, airports, and schools, and changing preference towards comfortable and noise-free rides.
The rising prices of traditional fossil fuels, stringent regulations by various governments aimed towards curbing pollution, and growing research and development activities by the electric bus manufacturers, are the key trends in the market.
Fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV) are the different segments in the electric bus market based on propulsion type.
Less than 9 meters, 9-14 meters, and above 14 meters are the different categories based on length.
The high purchasing price of an electric bus and limited infrastructure for recharging is likely to pose challenges to the growth of the market for electric buses.
An electric bus has a battery of 160 kWh, while the shorter electric buses have a battery of 240 kWh.
An electric bus typically uses a lithium-ion battery which allows an electric bus to run as far as 150 miles in a single recharge.
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