The electric bus market is projected to grow significantly from USD 17.0 billion in 2024 to USD 37.5 billion by 2030, with a compound annual growth rate (CAGR) of 14.2%.
Electric Bus
This growth is fueled by global initiatives aimed at reducing emissions, prompting countries like the UK, Hungary, Japan, China, India, and the US to transition their public transportation fleets to electric buses. Governments are providing subsidies and implementing favorable regulations to support this shift.
In Europe, both public and private sectors are targeting zero-emission vehicle (ZEV) adoption by 2030, while in Asia Pacific, governments are incentivizing electric bus adoption, making it the largest market regionally.
Cover Photo: Wikipedia
