The North America Electric Bus Market would witness market growth of 20.5% CAGR during the forecast period (2023-2030).
Vehicle exhaust is the primary source of air pollution, ozone depletion, and climate-harming chemical emissions. The demand for and popularity of vehicles that use electrical energy and are less damaging to the environment has grown due to the consumption of crude petroleum and increased fuel prices. In order to lessen reliance on petroleum fuel, these e-buses have been introduced more frequently. Additionally, compared to conventional modes of transportation, electric cars are lighter and more efficient due to their reduced number of moving parts. Because of this, automobiles need less maintenance overall, which is good for the environment. As a result, throughout the forecast period, the market is anticipated to increase significantly as a result of these factors.
In 2022, the U.S. Department of Transportation FTA announced $1.66 billion in grants to transit organizations, territories, and states around the nation to construct 150 bus fleets and facilities. More than 1,100 of those vehicles will be equipped with zero-emission technology due to funding provided by the President's Bipartisan Infrastructure Law, which lowers air pollution and aids in achieving the President's target of net-zero emissions by 2050. Additionally, with the help of the EPA's Clean School Bus Program, $5 billion will be available over five years (FY 2022-2026) to replace the current school buses with zero- and low-emission versions. Over 25 million kids take public transportation to school daily, some of whom breathe air contaminated by diesel school buses.
The US market dominated the North America Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,021.1 Million by 2030. The Canada market is poised to grow at a CAGR of 23.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 22.1% during (2023 - 2030).
Based on Battery Type, the market is segmented into Lithium Iron Phosphate, and Lithium Nickel Manganese Cobalt Oxide. Based on Vehicle, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. Based on Application, the market is segmented into Intercity, and Intracity. Based on End-use, the market is segmented into Public, and Private. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Electric Bus Market is Projected to reach USD 121.2 Billion by 2030, at a CAGR of 20.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BYD Company Ltd., Volvo Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.), Volkswagen AG, Nissan Motor Co., Ltd, Ashok Leyland Limited (Hinduja Group Ltd.), Mercedes-Benz Group AG (Daimler Truck Holding AG), Yutong Bus Co., Ltd., Tata Motors Limited (Tata Group) and Hyundai Motor Company.
Scope of the Study
Market Segments Covered in the Report:
By Battery Type
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt Oxide
By Vehicle
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
By Application
By End-Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- BYD Company Ltd.
- Volvo Group
- Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
- Volkswagen AG
- Nissan Motor Co., Ltd
- Ashok Leyland Limited (Hinduja Group Ltd.)
- Mercedes-Benz Group AG (Daimler Truck Holding AG)
- Yutong Bus Co., Ltd.
- Tata Motors Limited (Tata Group)
- Hyundai Motor Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Bus Market, by Battery Type
1.4.2 North America Electric Bus Market, by Vehicle
1.4.3 North America Electric Bus Market, by Application
1.4.4 North America Electric Bus Market, by End-Use
1.4.5 North America Electric Bus Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr – 2023, Jun) Leading Players
Chapter 4. North America Electric Bus Market by Battery Type
4.1 North America Lithium Iron Phosphate Market by Country
4.2 North America Lithium Nickel Manganese Cobalt Oxide Market by Country
Chapter 5. North America Electric Bus Market by Vehicle
5.1 North America Battery Electric Vehicle Market by Country
5.2 North America Plug-in Hybrid Electric Vehicle Market by Country
5.3 North America Fuel Cell Electric Vehicle Market by Country
Chapter 6. North America Electric Bus Market by Application
6.1 North America Intercity Market by Country
6.2 North America Intracity Market by Country
Chapter 7. North America Electric Bus Market by End-use
7.1 North America Public Market by Country
7.2 North America Private Market by Country
Chapter 8. North America Electric Bus Market by Country
8.1 US Electric Bus Market
8.1.1 US Electric Bus Market by Battery Type
8.1.2 US Electric Bus Market by Vehicle
8.1.3 US Electric Bus Market by Application
8.1.4 US Electric Bus Market by End-use
8.2 Canada Electric Bus Market
8.2.1 Canada Electric Bus Market by Battery Type
8.2.2 Canada Electric Bus Market by Vehicle
8.2.3 Canada Electric Bus Market by Application
8.2.4 Canada Electric Bus Market by End-use
8.3 Mexico Electric Bus Market
8.3.1 Mexico Electric Bus Market by Battery Type
8.3.2 Mexico Electric Bus Market by Vehicle
8.3.3 Mexico Electric Bus Market by Application
8.3.4 Mexico Electric Bus Market by End-use
8.4 Rest of North America Electric Bus Market
8.4.1 Rest of North America Electric Bus Market by Battery Type
8.4.2 Rest of North America Electric Bus Market by Vehicle
8.4.3 Rest of North America Electric Bus Market by Application
8.4.4 Rest of North America Electric Bus Market by End-use
Chapter 9. Company Profiles
9.1 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.2 Ashok Leyland Limited (Hinduja Group Ltd.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Mercedes-Benz Group AG (Daimler Truck Holding AG)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Yutong Bus Co., Ltd.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Product Launches and Product Expansions:
9.5 BYD Company Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Volvo Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Volkswagen AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Nissan Motor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Tata Motors Limited (Tata Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. Hyundai Motor Company
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 North America Electric Bus Market, 2019 - 2022, USD Million
TABLE 2 North America Electric Bus Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Bus Market
TABLE 4 Product Launches And Product Expansions– Electric Bus Market
TABLE 5 Geographical Expansions– Electric Bus Market
TABLE 6 North America Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 7 North America Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 8 North America Lithium Iron Phosphate Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Lithium Iron Phosphate Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Lithium Nickel Manganese Cobalt Oxide Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Lithium Nickel Manganese Cobalt Oxide Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 13 North America Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 14 North America Battery Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Battery Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Plug-in Hybrid Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Plug-in Hybrid Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Fuel Cell Electric Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Fuel Cell Electric Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 21 North America Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 22 North America Intercity Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Intercity Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Intracity Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Intracity Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 27 North America Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 28 North America Public Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Public Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Private Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Private Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Electric Bus Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Electric Bus Market by Country, 2023 - 2030, USD Million
TABLE 34 US Electric Bus Market, 2019 - 2022, USD Million
TABLE 35 US Electric Bus Market, 2023 - 2030, USD Million
TABLE 36 US Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 37 US Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 38 US Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 39 US Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 40 US Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 41 US Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 42 US Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 43 US Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 44 Canada Electric Bus Market, 2019 - 2022, USD Million
TABLE 45 Canada Electric Bus Market, 2023 - 2030, USD Million
TABLE 46 Canada Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 47 Canada Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 48 Canada Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 49 Canada Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 50 Canada Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 51 Canada Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 52 Canada Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 53 Canada Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 54 Mexico Electric Bus Market, 2019 - 2022, USD Million
TABLE 55 Mexico Electric Bus Market, 2023 - 2030, USD Million
TABLE 56 Mexico Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 57 Mexico Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 58 Mexico Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 59 Mexico Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 60 Mexico Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 61 Mexico Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 62 Mexico Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 63 Mexico Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 64 Rest of North America Electric Bus Market, 2019 - 2022, USD Million
TABLE 65 Rest of North America Electric Bus Market, 2023 - 2030, USD Million
TABLE 66 Rest of North America Electric Bus Market by Battery Type, 2019 - 2022, USD Million
TABLE 67 Rest of North America Electric Bus Market by Battery Type, 2023 - 2030, USD Million
TABLE 68 Rest of North America Electric Bus Market by Vehicle, 2019 - 2022, USD Million
TABLE 69 Rest of North America Electric Bus Market by Vehicle, 2023 - 2030, USD Million
TABLE 70 Rest of North America Electric Bus Market by Application, 2019 - 2022, USD Million
TABLE 71 Rest of North America Electric Bus Market by Application, 2023 - 2030, USD Million
TABLE 72 Rest of North America Electric Bus Market by End-use, 2019 - 2022, USD Million
TABLE 73 2Rest of North America Electric Bus Market by End-use, 2023 - 2030, USD Million
TABLE 74 Key Information – Solaris Bus & Coach sp. z o.o.
TABLE 75 Key Information – Ashok Leyland Limited
TABLE 76 key information – Mercedes-Benz Group AG
TABLE 77 Key Information – Yutong Bus Co., Ltd.
TABLE 78 key Information – BYD Company Ltd.
TABLE 79 key Information – Volvo Group
TABLE 80 key Information – Volkswagen AG
TABLE 81 Key information – Nissan Motor Corporation
TABLE 82 Key Information – Tata Motors Limited
TABLE 83 key Information – Hyundai Motor Company
LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019,Apr – 2023, Jun) Leading Players
FIG 5 North America Electric Bus Market share by Battery Type, 2022
FIG 6 North America Electric Bus Market share by Battery Type, 2030
FIG 7 North America Electric Bus Market by Battery Type, 2019 - 2030, USD Million
FIG 8 North America Electric Bus Market share by Vehicle, 2022
FIG 9 North America Electric Bus Market share by Vehicle, 2030
FIG 10 North America Electric Bus Market by Vehicle, 2019 - 2030, USD Million
FIG 11 North America Electric Bus Market share by Application, 2022
FIG 12 North America Electric Bus Market share by Application, 2030
FIG 13 North America Electric Bus Market by Application, 2019 - 2030, USD Million
FIG 14 North America Electric Bus Market share by End-use, 2022
FIG 15 North America Electric Bus Market share by End-use, 2030
FIG 16 North America Electric Bus Market by End-use, 2019 - 2030, USD Million
FIG 17 North America Electric Bus Market share by Country, 2022
FIG 18 North America Electric Bus Market share by Country, 2030
FIG 19 North America Electric Bus Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Daimler Truck Holding AG
FIG 21 SWOT ANALYSIS: Mercedes-Benz Group AG
FIG 22 Recent strategies and developments: BYD Company Ltd.
FIG 23 SWOT Analysis: Volvo Group
FIG 24 SWOT Analysis: Volkswagen AG
FIG 25 SWOT Analysis: Nissan Motor Corporation
FIG 26 Recent strategies and developments: Hyundai Motor Company
FIG 27 SWOT Analysis: Hyundai Motor Company