Electric Bus Market Share, Size, Trends & Analysis by 2030
The Electric Bus Market Share is projected to experience substantial growth, reaching a value of $37.5 billion by 2030. This increase is fueled by global trends toward eco-friendly and sustainable public transportation solutions, with many countries adopting strict emission reduction policies. Governments and municipalities worldwide are investing heavily in electric bus infrastructure to reduce carbon...
Electric Bus Market Projected to reach $48.1 billion by 2030
The global electric bus market is projected to grow at a CAGR of 14.5% during the forecast period, from an estimated market size of USD 18.6 billion in 2023 to USD 48.1 billion by 2030.
Rising GHG emissions and the increasing need for sustainable mobility solutions influence the electric bus market growth. Furthermore, the transport sector is one of the largest contributors to GHG emissions globally....
Electric Bus Market Trends and Industry Forecast Report by 2027
The global Electric Bus Market size is expected to grow from approximately 81 thousand units in 2021 to reach 704 thousand units by 2027, at a CAGR of 43.1%. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly vehicles.
OEMs
worldwide are investing heavily...