Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.31 Billion | USD 50.14 Billion | 11.95% | 2022 |
FrequentlyAsked Questions
An electric bus is a movable vehicle, with higher seating capacity as compared to cars, in which the propulsion system and other accessory settings are powered using a zero-emission electricity source.
The global electric bus market is projected to grow owing to the increasing number of countries and world leaders laying out visions that relate to achieving carbon neutrality.
According to study, the global electric bus market size was worth around USD 20.31 billion in 2022 and is predicted to grow to around USD 50.14 billion by 2030.
The CAGR value of the electric bus market is expected to be around 11.95% during 2023-2030.
The global electric bus market will be led by Asia-Pacific during the forecast period. In 2022, it generated around 80.2% of the global revenue.
The global electric bus market is led by players like Solaris, BYD, Volvo Buses, Zhongtong Bus, Irizar, Proterra, Alexander Dennis Limited, Yutong, Nova Bus, New Flyer, Blue Bird Corporation, VDL Bus & Coach, Temsa, Ebusco, and Gillig.
The report explores crucial aspects of the electric bus market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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