US Electric Bus Market | 2019-2032

The US electric bus market is poised to witness growth of XX% to reach US$ XX Mn by the end of 2024. The transportation sector in US is the major contributor to greenhouse gas emissions in the country, however, transit agencies in major cities, including New York, Los Angeles, and cities are gradually replacing conventional buses with electric buses to reduce pollution and improve air quality. Additionally, Federal and state-level funding programs are supporting these efforts.

Government and transportation agencies in the United States are making strides in electric bus adoption owing to the various environmental and operational benefits it offers. Further, major organizations and transit agencies are increasingly recognizing the importance of corporate social responsibility (CSR). Adopting electric buses aligns with sustainability goals and can enhance an organization's reputation. This, in turn, is boosting the growth of the US electric bus market. Passengers often have a positive perception of electric buses due to their quiet operation, reduced emissions, and contribution to cleaner air. This is leading to increased ridership and support from the public in the country. Apart from this, electric buses enable operators to charge them using domestically generated electricity, reducing dependence on imported fossil fuels and enhancing energy security. This is projected to drive the growth of the electric bus market in the US during the forecast period. Major providers operating in the US electric bus market are Proterra Inc., New Flyer Industries, BYD Motors, Gillig LLC, Blue Bird Corporation, ARBOC Specialty Vehicles, Complete Coach Works (CCW), GreenPower Motor Company Inc., Electric Vehicles International (EVI) and Lion Electric.

US ELECTRIC BUS MARKET COVERAGE:

KEY HIGHLIGHTS:

• Actual US electric bus market data for 2019, 2020, 2021, and 2022
• Estimated US electric bus market value for the year 2023 and market growth prospect between 2023 and 2032
• Historical YoY growth and forecast trend at granular level
• Cross sectional analysis of type segment at application level
• Summary of key growth factors, challenges, and opportunities shaping electric bus industry
• Rationale for individual segment growth and decline
• Product and price differentiation, branding & distribution channel strategies
• Market entry strategies and routes to market
• Key player positioning and benchmarking