Learn about the global electric bus market through The Business Research Company, which provides information on electric bus market size, electric bus market drivers and restraints, electric bus market players, the COVID-19 impact on the electric bus market, and more.

The global electric bus market size is expected to grow from $26.68 billion in 2021 to $29.7 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The electric buses market size is expected to grow to $47.31 billion in 2026 at a CAGR of 12.3%.

Various proactive government initiatives to encourage the use of e-buses, create lucrative growth options for the market.

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The electric bus market consists of sales of the electric bus by entities (organizations, sole traders, and partnerships) that are powered exclusively by a zero-emissions electricity source. An electric bus is an electric vehicle (EV) that runs on electricity rather than diesel or gasoline. Onboard batteries, a hydrogen fuel cell, overhead wires, such as in a trolleybus application, or ground-based non-contact conductors can all be used as electrical sources. Recharging capabilities can be added to any of these solutions using onboard technologies like regenerative braking and solar panels, as well as off-board chargers and storage battery banks.

Global Electric Bus Market Segments Include:
By Type: Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle

By Battery Type: Lithium-Nickel-Manganese-Cobalt-Oxide, Lithium-Iron-Phosphate, Others

By Vehicle Range: Less Than 200 Miles, Above 200 Miles

By Battery Capacity: Upto 400 kWh, Above 400 kWh

By Application: Intercity, Intracity

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the electric bus market in 2021

Technology advancement is a key trend in the electric bus market. Companies manufacturing electric buses are investing in technology to maximize passenger load carrying capacity and running time of electric buses to make the whole operation economically viable as well as sustainable for the future.

TBRC’s electric bus market report covers:

Major Market Players: Tata Motors Limited, BYD Co. Ltd., AB Volvo, Ashok Leyland Limited, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Company Limited, Eicher Motors Limited, Proterra, Zhengzhou Yutong Bus Co. Ltd., Daimler AG, Scania AB, Ebusco, NFI Group Inc., and Dongfeng Motor Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Bus Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric bus market overviews, analyzes and forecasts market size, share, electric bus market players, electric bus market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric bus market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Buses And Coaches Global Market Report 2022

Electric Vehicle Charging Stations Global Market Report 2022

Electric Vehicle (EV) Batteries Global Market Report 2022

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