Latin America Electric Bus Market Size and Share Outlook Report: Forecast Trends and Growth Analysis (2026-2035)

Key Trends in the Market

Electric buses refer to buses that are buses that are powered by electric buses. Such buses offer enhanced energy efficiency, facilitate regenerative braking, lower maintenance and operational expenditures, and ease of battery recharging. With countries across the world adopting electric mobility, specifically through electric buses, the adoption of electric buses is growing.

• The Latin America electric bus market demand is being supported by rapid urbanisation, an increase in population, growing environmental concerns, and rising attempts by governments to make public transportation attractive and sustainable. Moreover, organisations like the United Nations Environment Programme are also developing various programmes to reduce air pollution and greenhouse gas emissions through electric mobility solutions such as e-buses in various Latin American cities.

• High pollution levels in cities like Santiago, Bogota, and Lima, among others, and the rising prevalence of diseases like cancer, respiratory diseases, and premature deaths are propelling the Latin America electric bus market growth. E-buses boast zero tailpipe emissions, noise reduction, lower greenhouse gas emissions, and improved air quality in urban areas.

• Increasing investments in charging infrastructure by leading companies are also aiding the market for electric buses in Latin America. For instance, in August 2023, Blink Charging Co. announced the expansion of its EV charging footprints in Latin America amid the growing trend of electrification in the region.

• The development of autonomous electric bus systems is also anticipated to bolster the Latin America electric bus market expansion in the forecast period. Such systems can revolutionise public transportation, provide cost savings for transit operators, improve road safety, and prevent accidents.

Market Segmentation

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Share by Propulsion

As per the Latin America electric bus market analysis, battery electric buses represent a significant portion of the market share. Such buses are designed with regenerative braking, have reduced energy consumption, boast zero tailpipe emissions, and offer a range of 275 – 300 miles on a single charge. These buses also have more fuel efficiency than their conventional counterparts operated using fossil fuels.

In October 2023, Volvo Buses introduced Volvo BZL Electric, its 100% electric city bus that is equipped with 94kWh batteries and powered by a 200kW electric motor in Latin America. The buses are slated to run on routes in routes in Curitiba and Brazil and are aimed at driving electrification in the region.

Market Share by Ownership

Governments hold a substantial portion of the Latin America electric bus market share as they are actively attempting to transform the public transportation sector and meet global climate goals by replacing diesel fleets with e-buses. The increasing focus by governments to enhance the quality of urban transportation, improve air quality, and reduce pollution in cities are also contributing to the segment’s growth.

It is anticipated that around 25,000 electric buses will be on roads by the year 2030 and 55,000 by 2050 in the region. Mexico, Chile, Brazil, and Colombia are expected to collectively account for 82% of the global share of electric buses in the forecast period.

Competitive Landscape

Other Latin America electric bus market players include Hyundai Motor Co., BYD Company Limited, Yutong Bus Co., Ltd., Higer Bus Company Limited, Eletra Industrial LTDA, and IVECO S.p.A, among others.