Heavy & Commercial Vehicle

Electric Bus Market by Fuel Type (BEV, FCEV, HEV, PHEV), Length (<9m, 9-14m, >14m), Range (<150 miles, 150-300 miles, > 300 miles), Battery Capacity (Upto 400kWh, >400kWh), Battery Type (NMC, LFP, NCA, Other Batteries), End Users (Government, Private), Autonomy Level (Semi-autonomous, Autonomous), Application (Intercity, Intracity), and Region – Global Industry Analysis, Size and Forecast, 2019-2032

Avalibale Format*:     |  ReportID: H&CV261  |  Coverage: GLOBAL
Category: Automotive  |  Sub-Category: Heavy & Commercial Vehicle
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The electric bus market is projected to reach US$ xx Mn by the end of 2024, driven by strong government support, extensive urbanization, and efforts to combat air pollution. Moreover, major cities across countries are investing heavily in electric buses with advancements in technology.


Adoption of e-bus is spreading at a rapid pace across major regions and countries such as North America, Europe, Global, China, and Australia linked with growing environmental concerns and enhancement in smart technologies. Efforts of governments to reduce air pollution, tackle climate change challenges, and urban pollution across various countries are creating demand for cleaner and more sustainable transportation solutions. Also, benefits offered by e-buses such as zero tailpipe emissions make them key tools for reducing air pollution in urban areas, which is a pressing priority. Additionally, Governments in many countries have implemented policies, incentives, and regulations to encourage the adoption of electric buses. These measures often include subsidies, tax incentives, and emission reduction targets that incentivize transit agencies to invest in e-buses.


Some of the major players operating in the global electric bus market are Proterra Inc., Yutong Group, Daimler AG (Mercedes-Benz), VDL Groep, New Flyer Industries, Alexander Dennis Limited (ADL), Solaris Bus & Coach, Wrightbus, Volvo Group (Volvo Buses), Irizar Group, and Tata Motors.



Electric Bus Industry



Electric Bus Market Taxonomy

Source: DataCube Research Pvt. Ltd. (2023)



Analysis Period

2019 – 2032

Actual Data

2019 – 2022

Base Year


Estimated Year


CAGR Period

2023 – 2032

Research Scope

  • Fuel Type
  • Length
  • Range
  • Battery Capacity
  • Battery Type
  • End User
  • Autonomy Level
  • Application

Company Analysed

Proterra Inc., Yutong Group, Daimler AG (Mercedes-Benz), VDL Groep, New Flyer Industries, Alexander Dennis Limited (ADL), Solaris Bus & Coach, Wrightbus, Volvo Group (Volvo Buses), Irizar Group,Tata Motors.



  • Actual Global electric bus market data for 2019, 2020, 2021, and 2022
  • Estimated Global 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 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
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