Home > Automotive > Mobility > Commercial Vehicles > Electric Bus Market

Electric Bus Market Share

  • Report ID: GMI4959
  • Published Date: Mar 2023
  • Report Format: PDF

Electric Bus Market Share

Notable players operating in the electric bus business scenario are :

  • BYD Co. ltd.
  • NFI Group Inc.
  • Solaris Bus & Coach
  • VDL Bus & Coach
  • Volvo Buses
  • Hyundai Motor Company
  • Nissan Motor Corporation
  • General Motors
  •  Ford Motor Company.

These participants are making hefty R&D investments to introduce novel innovations and attract potential business clients.
 

For instance, in November 2022, Sono Motors, a German solar mobility OEM, partnered with pepper motion GmbH to launch a new electric bus equipped with solar technology. Under this partnership, Sono Motors equipped an electrified Mercedes-Benz Citaro from pepper’s fleet with a solar bus kit to offer a 1.3 kW peak to the 24-volt system. The installation helped in generating 3.3 kWh of energy per day.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric bus surpassed USD 45 billion in 2022 and will expand at 12% CAGR from 2023 to 2032, backed by the continued electrification of public transport due to an increased emphasis on minimizing the environmental impact.

The all electric bus industry share is estimated to amass USD 150 billion in revenue by end of 2032, owing to the surging oil prices and the ongoing replacement of traditional public fleets with electric vehicles.

The electric bus industry size from the intracity application segment will be worth USD 150 billion by 2032 owing to the flourishing shared mobility trends and the rapid adoption of e-buses for intracity transportation.

Prominent companies in the electric bus competitive landscape are BYD Co. ltd., NFI Group Inc., Solaris Bus & Coach, VDL Bus & Coach, Volvo Buses, Hyundai Motor Company, Nissan Motor Corporation, General Motors, and Ford Motor Company.

Electric Bus Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 504
  • Countries covered: 19
  • Pages: 300
 Download Free Sample