• Pro-green Government Policies and Incentives Power Top-notch Growth in the Electric Bus Industry
    CASE convergence and value chain integration will ensure transformational growth

    Research Overview

    Electric buses will find traction across major regions driven by emission regulations, battery price drop, the emergence of low emission zones, purchase subsidy, and tax exemptions. The growing adoption of electric transit buses has enabled global sourcing and supply chain for alternate powertrain buses. The market is witnessing strong collaborations among incumbent automakers, suppliers, and new players striving to enter the market. Battery-electric buses are expected to have a larger market share, followed by fuel cell electric buses by 2030. The lower total cost of ownership of electric buses, when compared to diesel buses, and the push for developing charging infrastructure will make electric buses a profitable option from 2024 to 2026.

    The global electric bus market size is expected to reach more than 210,000 units by 2030 at a compound annual growth rate (CAGR) of 13.9%. The penetration of electric buses in China is expected to reach 80% in 2030 India and LATAM will be the fastest-growing markets between 2020 and 2030 with a CAGR of 38.4% and 28.4%, respectively.

    EU Clean Vehicle directive targets for EU countries will boost electric bus adoption, particularly as part of national public transport procurement. BEV buses are expected to have strong growth from 2022 to 2025. JIVE projects encourage fuel cell bus adoption across EU countries. The entry of utility and energy major companies into electric charging infrastructure will boost the growth of fuelling infrastructure for electric vehicles.


    Take your first step towards achieving growth-centric solutions with our Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.

    Access Research Via