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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Electric Bus Market Share
Battery EVs and PHEVs are high in demand due to their lower operational costs and better driving range
Battery electric bus (BEB) holds a notable portion of the market share as these buses offer a good transitioning alternative to combustion engines. BEBs have lower operating costs than diesel buses, as they do not require expensive fuel or frequent oil changes. The charging infrastructure for BEBs is rapidly expanding, making it easier to keep them charged and operational. Examples of BEVs include the Proterra Catalyst and the New Flyer XE60.
Meanwhile, plug-in hybrid electric buses are expected to attain a significant share in the forecast period due to their ability to operate in both electric and hybrid modes and notable investments in infrastructural developments. They also offer a longer driving range compared to BEVs and can be charged from the grid. Examples of PHEVs include the BYD K9 and the Gillig Brite.
As per United States electric bus market analysis, fuel cell electric vehicles (FCEVs) are gaining popularity due to advancements in hydrogen technology and the increasing availability of hydrogen fueling infrastructure. Examples of FCEVs include the Toyota SORA Fuel Cell Bus and the Hyundai ELEC CITY Fuel Cell Bus.
Buses with a range of 200 miles and above are gaining traction in the market, driven by the demand for cost-effective transportation solutions
Buses with a range of less than 200 miles are popular for intracity transportation, such as city routes and local services. These buses are commonly used where the distances are shorter and the demand for frequent stops is higher. The demand for these buses is driven by the need for efficient and cost-effective transportation solutions, as well as the growing focus on reducing emissions and improving air quality.
According to United States electric bus market report, Buses with a range of more than 200 miles are used for intercity transportation, such as long-distance routes and highway services. These buses are often used for regional or national transportation. The demand for these buses is driven by the need for efficient and reliable transportation solutions, as well as the growing focus on reducing emissions and improving air quality. Companies like BYD Motors Inc. offer electric bus models with a range of up to 215 miles and these buses can be fully charged in 3-4 hours.
United States Electric Bus Market Report Snapshots
United States Electric Bus Market Size
United States Electric Bus Market Growth
United States Electric Bus Market Share
United States Electric Bus Market Trends
United States Electric Bus Market Regional Analysis
United States Electric Bus Manufacturers
*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
In 2023, the United States electric bus market reached an approximate value of USD 889.42 million.
The market is expected to grow at a CAGR of 19.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 4513.59 million by 2032.
The market is driven by the need for efficient and cost-effective transportation solutions, as well as the growing focus on reducing emissions and improving air quality.
Key trends aiding market expansion include the rising demand for clean transportation, infrastructural development activities, and the increasing research and development (R&D) activities by key players.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Fuel cell electric vehicles (FCEV), battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV) are the major propulsion types for electric buses.
The major segments based on the length of electric buses in the market are less than 9 meters, 9-14 meters, and above 14 meters.
Key players in the market are BYD Motors Inc., Volvo AB, Daimler Truck Holding AG, Hyundai Motor Company, Proterra Inc., Gillig LLC, Blue Bird Corporation, Lion Electric Company, NFI Group Inc., Motiv Power Systems Inc., and GreenPower Motor Company Inc., among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124