The Business Research Company’s Electric Bus Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034

Get 20% Off All Global Market Reports With Code ONLINE20 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors ”
— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, November 18, 2025 /EINPresswire.com/ -- Get 20% Off All Global Market Reports With Code ONLINE20 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

How Large Will The Electric Bus Market Be By 2025?
In recent times, the size of the electric bus market has seen rapid expansion. The market, projected to escalate from $36.68 billion in 2024 to $40.47 billion in 2025, will experience a compound annual growth rate (CAGR) of 10.4%. The growth witnessed during the historic period can be credited to the scaling up of manufacturing processes and sophistication in production, increasing public consciousness and outlook, enhancements in charging facilities, economical feasibility and cost depreciation, in addition to the rise in city growth and traffic congestions.

In the coming years, the size of the electric bus market is anticipated to expand rapidly. By 2029, it is projected to hit $60.89 billion with a Compound Annual Growth Rate (CAGR) of 10.7%. Factors such as market demand and acceptance, advancement of charging infrastructure, enhancements in production costs, and increased demand for environment-friendly transportation are contributing to the growth during the forecast period. Noteworthy trends during this period are expected to be government incentives and policies, advancements in battery technology, increased urbanization and air quality issues, cost cutbacks in battery manufacturing, and the demand for sustainable means of transport.

Download a free sample of the electric bus market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6402&type=smp

What Are The Major Driving Forces Influencing The Electric Bus Market Landscape?
Key players in the electric bus market like Volvo Buses are capitalizing on numerous governmental directives promoting the use of electric buses. These initiatives provide promising growth opportunities and support the transition to electric urban and interurban passenger transport in an effort to bolster sustainability, lower carbon emissions, and foster better public health. This transition pushes for the replacement of traditional fuel-run public transport with electrically powered alternatives. In an illustration of this, Volvo Buses, based in Sweden, introduced the wholly electric LUMINUS city bus in Mexico in May 2023 while marking its quarter-century milestone. Manufactured locally, the LUMINUS provides battery alternatives from 280 to 470 kWh and dimensions from 9.7 to 13 meters. The bus comes with sophisticated safety systems, easy entrance for accessibility, and roomy interiors featuring wireless internet and USB charging ports. In addition to manufacturing buses, Volvo Buses also offers all-inclusive services covering the vehicles, charging amenities, and funding options, demonstrating unwavering dedication towards its zero-emissions mission.

Who Are The Top Players In The Electric Bus Market?
Major players in the Electric Bus include:
• BYD Co. Ltd.
• Tata Motors Limited
• Zhengzhou Yutong Bus Co. Ltd.
• Scania AB
• Dongfeng Motor Corporation
• MAN Truck & Bus AG
• Sinotruk Hong Kong Limited
• Foton Motor Group
• VDL Groep
• Ashok Leyland Limited

What Are The Prominent Trends In The Electric Bus Market?
Technological innovation is a significant trend in the electric bus industry. Electric bus manufacturers are placing their bets on technology to enhance the passenger carrying capacity and operational time of these buses, thereby making the operations both monetarily feasible and future proof. For example, in January 2022, the Valley Transportation Authority (VTA) launched a creative clean energy microgrid and electric vehicle (EV) fleet charging system to align with California's objective of transitioning to an entirely zero-emission bus fleet by 2040. The project, which cost $3 million, was expected to focus on the development of superior charging controls, cost reduction, and the advancement of VTA's electric bus infrastructure plan for total bus electrification.

Market Share And Forecast By Segment In The Global Electric Bus Market
The electric busmarket covered in this report is segmented –

1) By Type: Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle
2) By Battery Type: Lithium-Nickel-Manganese-Cobalt-Oxide, Lithium-Iron-Phosphate, Other Battery Types
3) By Vehicle Range: Less Than 200 Miles, Above 200 Miles
4) By Battery Capacity: Upto 400 kWh, Above 400 kWh
5) By Application: Intercity, Intracity

Subsegments:
1) By Battery Electric Vehicle (BEV): Standard Battery Electric Bus, Extended Range Battery Electric Bus
2) By Plug-In Hybrid Electric Vehicle (PHEV): Parallel Hybrid Bus, Series Hybrid Bus
3) By Fuel Cell Electric Vehicle (FCEV): Hydrogen Fuel Cell Bus, Hybrid Fuel Cell Bus

Electric Bus Market Regional Insights
In 2024, Asia-Pacific led the electric bus market and is projected to experience the most rapid growth in the predicted timeline. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Browse Through More Reports Similar to the Global Electric Bus Market 2025, By The Business Research Company

Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: [email protected]
The Business Research Company - www.thebusinessresearchcompany.com

Oliver Guirdham
The Business Research Company
+44 7882 955267
[email protected]
Visit us on social media:
LinkedIn
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]