Electric Bus Market Size, Share, Trends & Analysis by 2030
The electric bus market worldwide size was valued at USD 18.6 billion in 2023 and is expected to reach USD 48.1 billion by 2030, with a CAGR of 14.5% from 2023 to 2030. The market is driven by factors such as demand for zero-emission vehicles, growing environmental concerns, and government initiatives promoting sustainable transportation drive the electric bus market.
Electric Bus Market Growth...
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 Set to Reach 671,285 Units by 2027
The global electric bus market size is projected to grow from 112,041 units in 2022 to reach 671,285 units by 2027, at a CAGR of 43.1%. The growth of the electric bus market can be attributed to the increasing focus of countries on electrification of their public transport fleets with subsidies and favorable regulations due to emission concerns. Advancements in battery pack technologies, declining...
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...