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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United States Electric Bus Market Analysis by Region
Regions like Southeast, Far West, and Southwest leads the market due to the sufficient availability of EV charging stations
The growing infrastructural development, increasing government initiatives, and consumer initiatives to reduce carbon emissions are factors positively impacting the market in regions like Southeast and New England. Moreover, the rising adoption of fuel cell electric buses and increasing number of charging stations in regions like Far West and Southeast is also expanding the overall United States electric bus market share. As per industry reports, California’s 14 states with transit agencies have adopted the highest number of fuel cell electric buses in US.
Additionally, as of November 2022, there were 56,256 electric vehicle (EV) charging stations in the United States, of which 52,375 were public electric vehicle charging stations and 3,816 were private electric vehicle charging stations. States like California, Florida, and New York are the leading states for the number of electric vehicles charging stations installed.
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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Australia
63 Fiona Drive, Tamworth, NSW
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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