Electric Bus Market by Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), by Range (Less than 200 Miles, More than 200 Miles), by Battery Capacity (Up to 400 kWh, Above 400 kWh), by By Geography (North America), by Europe (U.K., Germany, France, Netherlands, Rest of Europe), by Asia Pacific (Japan, China, India, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Electric Bus Market size was valued at USD 7.8 USD Billion in 2023 and is projected to reach USD 9.92 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. An electric-powered bus or e-bus is a bus that doesn't have a conventional ICE engine for its propulsion and is electric-powered. An e-bus is pushed with the aid of an on-board electric motor that gets the energy from on-board batteries or a fixed of batteries. Electric buses are taken into consideration as green as they no longer produce any pollution and also are low-budget as compared with conventional gasoline/diesel buses. Moreover, the electrical bus marketplace percentage contributes more than 80% to the electrical business automobile industry. The EV bus marketplace is pushed with the aid of using elements inclusive of a growth in call for gasoline-efficient, excessive-performance, and occasional-emission buses, stringent authorities rules & rules closer to automobile emission, and discounts in battery prices. However, excessive production prices and occasional gasoline economy & serviceability limit the marketplace boom. Moreover, technological improvements and proactive authority projects for the adoption of e-buses create moneymaking boom possibilities for the marketplace.
Propulsion Type - Battery Electric Vehicle (BEV) - Plug-in Hybrid Electric Vehicle (PHEV) - Fuel Cell Electric Vehicle (FCEV)
Range - Less than 200 Miles - More than 200 Miles
Battery Capacity - Up to 400 kWh - Above 400 kWh
Strengths
Weaknesses
Opportunities
Threats
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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