세계의 전기버스 시장 예측(-2032년) : 버스 전체 길이별, 배터리 유형별, 배터리 용량별, 출력별, 항속거리별, 승차 정원별, 용도별, 소비자별, 차량총중량별, 추진력별, 컴포넌트별, 자율주행 레벨별, 지역별
Electric Bus Market by Propulsion, Battery, Length, Battery Capacity, Application, Seating Capacity, Range, Power Output, Autonomy Level, Component, Consumer and Region - Global Forecast to 2032
상품코드:1823727
리서치사:MarketsandMarkets
발행일:2025년 09월
페이지 정보:영문 430 Pages
라이선스 & 가격 (부가세 별도)
ㅁ Add-on 가능: 고객의 요청에 따라 일정한 범위 내에서 Customization이 가능합니다. 자세한 사항은 문의해 주시기 바랍니다.
한글목차
전기버스 시장 규모는 2025년 238억 달러에서 2032년에는 596억 달러로 성장하며, CAGR은 14.0%에 달할 것으로 예측됩니다.
세계 전기버스 시장은 정부의 지원과 기술 발전에 힘입어 지속적으로 성장하고 있습니다. 배터리의 에너지 밀도와 충전 속도의 향상으로 항속거리 불안 등의 우려가 해소되어 전기버스가 디젤 차량과 동등한 운행 성능을 발휘할 수 있게 됩니다.
조사 범위
조사 대상 연도
2020-2032년
기준연도
2024년
예측 기간
2025-2032년
대상 유닛
수량(대) 및 금액(100만 달러/10억 달러)
부문
버스 전체 길이별, 배터리 유형별, 배터리 용량별, 출력별, 항속거리별, 승차 정원별, 용도별, 소비자별, 차량총중량별, 추진력별, 컴포넌트별, 자율주행 레벨별, 지역별
대상 지역
아시아태평양, 북미, 유럽, 라틴아메리카, 중동 및 아프리카
고급 배터리 관리 시스템을 개발하고 LFP 배터리 화학을 채택하여 안전성, 수명, 효율성을 향상시킵니다. 또한 총소유비용(TCO)은 차량 수명주기 동안 연료비와 유지보수 비용이 낮기 때문에 전기버스 수요를 촉진하는 중요한 요소 중 하나입니다.
전기버스는 대규모 보조금과 의무화를 통해 도시 및 도시 간 노선에 광범위하게 배치할 수 있는 대규모 보조금과 의무화를 통해 주로 대중교통 차량을 통해 정부 부문에서 중요한 용도를 가질 준비가 되어 있습니다. 국가 및 도시 수준의 정부는 보조금, 구속력 있는 규제, 차량 교체 의무화 등을 통해 지방 교통 당국이 전기버스를 조달하도록 적극적으로 장려하고 있습니다. 예를 들어 중국 정부는 심천에서 전기버스 차량에 보조금을 지급하고 있으며, 그 결과 심천 버스 그룹(Shenzhen Bus Group)과 같은 지방 자치 단체에서 16,000대 이상의 공공 전기버스를 운행하고 있습니다. 인도에서는 FAME-II 제도가 주정부 교통 사업에 전기버스 1대당 ₹2-4만 달러의 보조금을 제공하고 있으며, 뭄바이의 BEST와 같은 지자체에 7,120대의 공공 전기버스를 조달하고 2027년까지 전국적으로 5만 대의 전기버스 보급을 목표로 하고 있습니다. 미국 연방 교통부는 초당적 인프라 법에 따라 17억 달러를 배정하고, 오리건 주 공립학교 전기버스 보유량의 70%를 차지하는 비버튼 교육구의 28대의 전기버스에서 볼 수 있듯이, 1,300대 이상의 무공해 대중교통 버스에 자금을 지원하고 있습니다. 유럽에서는 EU의 클린버스 보급 구상이 함부르크의 호흐반(Hochbahn)과 같은 유틸리티를 위해 2024년 7,779대의 전기버스 등록을 추진하고 있으며, 2030년까지 100% 전기화 목표를 달성하기 위해 무공해 차량에 대한 보조금을 지급하고 있습니다.
이와는 대조적으로 기업 셔틀버스나 택배와 같은 민간 부문에 대한 적용은 틈새 시장임에는 변함이 없지만, 동등한 정부 지원이 없으면 초기 비용이 많이 들기 때문에 지연되고 있습니다. 네덜란드에서는 비상장 회사가 정부와의 계약에 따라 공공버스를 운행하고 있습니다. 규모나 자금 면에서 정부 주도의 노력이 유리하며, 민간 도입은 공항 셔틀과 같은 특수한 용도에 국한되어 있습니다.
연료전지 전기버스(FCEV)는 배터리 전기버스(BEV)의 대항마로, 특히 장거리 노선이나 충전 인프라가 부족한 지역에서 주목받고 있습니다. 전기버스 전문지에 따르면 유럽에서 수소전기버스 등록대수는 2023년 207대에서 2024년 378대로 82%나 증가했으나, 제로에미션 버스의 4.6% 정도에 불과합니다.
수소전기버스 관련 주요 공급 계약으로는 이탈리아 볼로냐의 대중교통회사(TPER)가 2023년 하반기 130대의 솔라리스 어비노 12 수소버스를 발주해 2026년부터 납품할 계획인 것 등이 있습니다. 영국에서는 리버풀시가 2023년 20대의 Alexander Dennis Enviro400 FCEV를 도입하고, Wrightbus(영국)가 2024년 쾰른에 Hydroliner FCEV 더블데커 버스를 납품할 예정입니다. 아시아에서는 2019년부터 현대자동차의 일렉시티 수소전기자동차가 시판되고 있으며, 2024년 9월에는 국내 판매량이 1,000대를 돌파할 것으로 예측됩니다. 인도에서는 2025년 초 라다크에서 첫 수소연료전지 버스가 운행되기 시작했으며, 이는 험준한 지형에서 중요한 이정표가 될 것입니다.
BEV와 비교했을 때 연료전지 버스의 장점은 빠른 급유시간과 긴 주행거리로, 도시 간 및 지역 간 서비스에 적합합니다. 하지만 수소전기자동차의 에너지 효율이 낮아 BEV의 85-90%인 반면, 수소전기자동차는 60-70%만 에너지를 변환합니다. 또한 가격도 BEV 버스의 2배에서 3배 정도입니다. 2023년 이탈리아 볼차노에서 실시한 조사에 따르면 FCEB의 운영비용은 배터리 버스의 2배 이상이며, 그 주요 원인은 수소 생산, 유통, 급유 인프라 비용으로 나타났습니다. 이 비용 격차는 수소전기자동차를 선택하는 주체가 민간 사업자가 아닌 정부나 대중교통 기관인 이유를 설명해줍니다.
북미, 특히 미국과 캐나다는 예측 기간 중 전기버스의 가장 중요한 시장 중 하나로 부상했습니다. 미국에서는 전기 스쿨버스 분야가 디젤에서 전기버스로의 전환을 주도하고 있습니다. 그 배경에는 2026년까지 50억 달러의 자금을 지원하여 디젤 스쿨버스를 전기버스로 교체할 수 있도록 지원하는 EPA의 클린 스쿨버스 프로그램이 있습니다. 2024년 하반기까지 EPA는 1,000개 학군에서 약 12,000대의 전기 스쿨버스에 대한 보조금을 지급하고 있으며, 이는 이 지역의 가장 중요한 수요 견인차 역할을 하고 있습니다. 2023년에 17억 달러가 배정되며, 2025년까지 무공해 운송 버스 및 충전 인프라에 대한 자금이 계속 배분될 것으로 예상되는 연방 교통국의 저공해 차량 프로그램(Low-No Program)의 지원을 받아, 운송 기관도 채택을 개선하고 있습니다.
캐나다도 비슷한 길을 걷고 있으며, 제로 배출 교통 기금(ZETF)은 2026년까지 20억 달러를 지원하여 지방 자치 단체가 전기 운송 버스를 조달하고 충전 시설을 건설할 수 있도록 돕고 있습니다. 2024년 현재 캐나다에서는 700대 이상의 전기버스가 판매되고 있으며, 2025년에는 더 늘어날 것으로 예측됩니다. 이러한 연방정부와 주정부 차원의 인센티브 덕분에 미국과 캐나다는 북미에서 전기버스 도입의 선두주자로 자리매김하고 있습니다. 전체 전기버스 판매량에서 중국과 유럽이 여전히 우위를 점하고 있지만, 북미가 스쿨버스의 전기화에 주력하고 있는 것은 이 지역만의 특징입니다.
세계의 전기버스 시장에 대해 조사했으며, 버스 전체 길이별, 배터리 유형별, 배터리 용량별, 출력별, 항속거리별, 승차 정원별, 용도별, 소비자별, 차량총중량별, 추진력별, 컴포넌트별, 자율주행 레벨별, 지역별 동향 및 시장에 참여하는 기업의 개요 등을 정리하여 전해드립니다.
목차
제1장 서론
제2장 조사 방법
제3장 개요
제4장 주요 인사이트
제5장 시장 개요
서론
시장 역학
제6장 업계 동향
AI/생성형 AI가 전기버스 시장에 미치는 영향
무역 분석
에코시스템 분석
공급망 분석
총소유 비용 : 디젤 버스 vs.전기버스
가격 분석
특허 분석
규제 상황
사례 연구 분석
고객 비즈니스에 영향을 미치는 동향과 혼란
부품 표 분석
2025-2026년의 주요 컨퍼런스와 이벤트
주요 이해관계자와 구입 기준
공급업체 분석
투자와 자금조달 시나리오
제7장 OEM 분석
제8장 기술 분석
기술 분석
주요 기술
인접 기술
보완적 기술
제9장 전기버스 시장(버스 전체 길이별)
서론
9M 미만
9-14M
14M 이상
주요 업계 인사이트
제10장 전기버스 시장(배터리 유형별)
서론
NMC 배터리
LFP 배터리
NCA 배터리
기타
주요 업계 인사이트
제11장 전기버스 시장(배터리 용량별)
서론
400KWH 미만
400KWH 이상
주요 업계 인사이트
제12장 전기버스 시장(출력별)
서론
250kW 미만
250kW 이상
주요 인사이트
제13장 전기버스 시장(항속거리별)
서론
300마일 미만
300마일 이상
주요 인사이트
제14장 전기버스 시장(승차 정원별)
서론
40석 미만
40-70석
70석 이상
주요 업계 인사이트
제15장 전기버스 시장(용도별)
서론
시내 버스/노선버스
코치
스쿨버스
기타
주요 업계 인사이트
제16장 전기버스 시장(소비자별)
서론
프라이빗
정부
주요 업계 인사이트
제17장 전기버스 시장(차량총중량(GVW)별)
서론
10톤 미만
10-20톤
20톤 이상
주요 업계 인사이트
제18장 전기버스 시장(추진력별)
서론
배터리 전기버스
연료전지 전기버스
주요 업계 인사이트
제19장 전기버스 시장(컴포넌트별)
서론
모터
배터리
연료전지 스택
배터리 관리 시스템
배터리 냉각 시스템
DC-DC 컨버터
인버터
AC/DC 충전기
EV 커넥터
주요 업계 인사이트
제20장 전기버스 시장(자율주행 레벨별)
서론
반자율형
자율형
주요 업계 인사이트
제21장 전기버스 시장(지역별)
서론
아시아태평양
거시경제 전망
중국
일본
인도
한국
싱가포르
인도네시아
호주
유럽
거시경제 전망
프랑스
독일
스페인
이탈리아
노르웨이
스웨덴
덴마크
네덜란드
벨기에
영국
핀란드
폴란드
북미
거시경제 전망
미국
캐나다
라틴아메리카
거시경제 전망
아르헨티나
브라질
칠레
멕시코
콜롬비아
중동 및 아프리카
거시경제 전망
남아프리카공화국
아랍에미리트
카타르
제22장 경쟁 구도
개요
주요 참여 기업의 전략/강점
전기버스 시장 점유율 분석(2024년)
매출 분석
기업 평가 매트릭스 : 주요 참여 기업, 2024년
기업 평가 매트릭스 : 스타트업/중소기업, 2024년
기업 평가
재무 지표
브랜드/제품 비교
경쟁 시나리오
제23장 기업 개요
주요 참여 기업
BYD COMPANY LTD.
YUTONG BUS CO., LTD.
ZHEJIANG GEELY HOLDING GROUP
DAIMLER TRUCK AG
NFI GROUP
AB VOLVO
CAF(SOLARIS BUS & COACH SP. Z O.O.)
ZHONGTONG BUS HOLDING CO., LTD.
CRRC CORPORATION LIMITED
VDL GROEP
EBUSCO
XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.
기타 기업
BLUE BIRD CORPORATION
GILLIG LLC.
THE LION ELECTRIC COMPANY
TATA MOTORS LIMITED.
ASHOK LEYLAND
SUNDA NEW ENERGY TECHNOLOGY CO., LTD.
GREE ALTAIRNANO NEW ENERGY INC.
XIAMEN GOLDEN DRAGON BUS CO. LTD.
JBM GROUP
SCANIA AB
IRIZAR GROUP
IVECO S.P.A
BLUEBUS
BOZANKAYA
CAETANOBUS
CHARIOT MOTORS
HEULIEZ BUS
OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.
TEMSA
URSUS S.A.
VAN HOOL
KARSAN
MELLOR
HINO MOTORS, LTD.
ANHUI ANKAI AUTOMOBILE CO., LTD.
OLECTRA GREENTECH LIMITED
제24장 시장에서 제안
제25장 부록
KSA
영문 목차
영문목차
The electric bus market is projected to grow from USD 23.80 billion in 2025 to USD 59.60 billion by 2032, at a CAGR of 14.0%. The global electric bus market is experiencing consistent growth, driven by government support and significant technological advancements. Improvements in battery energy density and charging speeds address concerns like range anxiety and allow electric buses to match the operational performance of diesel fleets.
Scope of the Report
Years Considered for the Study
2020-2032
Base Year
2024
Forecast Period
2025-2032
Units Considered
Volume (Units) and Value (USD Million/Billion)
Segments
The Electric Bus Market By Propulsion, By Battery Type, By Consumer Type, By Length of Bus, By Seating Capacity, Level of Autonomy, Range, By Application, By GVW
Regions covered
Asia Pacific, North America, Europe, Latin America, the Middle East & Africa
Developing advanced battery management systems and adopting LFP battery chemistry enhances safety, longevity, and efficiency. Additionally, the total cost of ownership (TCO) is one of the critical factors driving the demand for electric buses as they have lower fuel and maintenance costs over the vehicle's lifecycle.
"The government sector is estimated to generate the largest demand for electric buses in 2025."
Electric buses are poised to have significant applications in the government sector, primarily through public transit fleets, due to large-scale subsidies and mandates that enable widespread deployment for urban and intercity routes. National and city-level governments actively push local transport authorities to procure electric buses through subsidies, binding regulations, and fleet replacement mandates. For instance, China's government has subsidized electric bus fleets in Shenzhen, resulting in over 16,000 public e-buses operated by municipal companies like Shenzhen Bus Group. In India, the FAME-II scheme provides ₹20-40 lakh subsidies per e-bus for state transport undertakings, leading to 7,120 public e-buses procured for municipal fleets like BEST in Mumbai, targeting 50,000 e-buses nationwide by 2027. The US Federal Transit Administration's USD 1.7 billion allocation under the Bipartisan Infrastructure Law has funded over 1,300 zero-emission public transit buses, as seen in Beaverton School District's 28 e-school buses, covering 70% of Oregon's public-school electric bus fleet. In Europe, the EU's Clean Bus Deployment Initiative has driven 7,779 e-bus registrations in 2024 for public operators like Hochbahn in Hamburg, with subsidies for zero-emission fleets achieving 100% electrification targets by 2030.
In contrast, private sector applications, such as corporate shuttles or delivery fleets, remain niche but lag due to higher upfront costs without equivalent government support. Private companies in the Netherlands operate public buses under government contracts; the scale and funding favor government-led initiatives, with private adoption limited to specialized uses like airport shuttles, where e-buses save USD 125,000 in maintenance over diesel counterparts but require custom infrastructure.
"The fuel cell electric bus market is projected to witness a positive growth rate during the forecast period."
Fuel-cell electric buses (FCEVs) are gaining attention as a counterpart to battery electric buses (BEVs), especially for longer routes and regions with limited charging infrastructure. According to an electric bus magazine, in Europe, registrations of FCEV buses increased from 207 in 2023 to 378 in 2024, an 82% jump, yet they still represent only about 4.6% of zero-emission buses.
Major supply contracts related to FCEV buses include the public transport company (TPER) in Bologna, Italy, placing an order for 130 Solaris Urbino 12 hydrogen buses in late 2023, with deliveries planned from 2026. In the UK, Liverpool city introduced 20 Alexander Dennis Enviro400FCEVs in 2023, while Wrightbus (UK) delivered its Hydroliner FCEV double-decker buses to Cologne in 2024. In Asia, Hyundai's Elec City FCEV has been commercially available since 2019 and has surpassed 1,000-unit sales in South Korea by September 2024. In India, the first hydrogen fuel-cell bus entered service in Ladakh in early 2025, marking an important milestone in challenging terrain.
The benefits of fuel cell buses compared to BEVs lie in their fast-refueling times and extended driving range, which make them better suited for intercity and regional services. However, FCEVs are less energy efficient, converting only 60 to 70% of energy compared to 85 to 90% for BEVs. These buses are also twice to three times as expensive as BEV buses. A 2023 study in Bolzano, Italy, found that the running costs of FCEBs were more than twice those of battery buses, primarily due to hydrogen production, distribution, and fueling infrastructure costs. This cost gap explains why only governments and public transport agencies opt for FCEVs rather than private operators.
"North America is projected to be one of the major electric bus markets."
North America, particularly the US and Canada, is emerging as one of the most important markets for electric buses during the forecast period. In the US, the electric school bus segment is leading the transition from diesel to electric buses. This is backed by the EPA's Clean School Bus Program, which is providing USD 5 billion in funding till 2026 to support the replacement of diesel school buses with electric alternatives. By late 2024, the EPA had awarded grants for nearly 12,000 electric school buses across 1,000 school districts, making it the region's most significant single driver of demand. Transit agencies are also improving adoption, supported by the Federal Transit Administration's Low-No Emission Vehicle Program (Low-No Program), which allocated USD 1.7 billion in 2023 and is expected to continue distributing funds through 2025 for zero-emission transit buses and charging infrastructure.
Canada is following a similar path, with the Zero Emission Transit Fund (ZETF) providing USD 2 billion in support till 2026 to help municipalities procure electric transit buses and build charging facilities. As of 2024, more than 700 electric buses have been sold in Canada, which is expected to increase further in 2025. These federal and state-level incentives are positioning the US and Canada as leaders in e-bus adoption in North America. While China and Europe still dominate in overall sales of electric buses, North America's focus on electrifying both school buses is a unique regional characteristic.
The break-up of the profile of primary participants in the electric bus market is as follows:
By Company Type: Electric Bus OEM - 90%, Tier 1 - 10%
By Designation: C Level - 60%, Director-level - 30%, Others - 10%
By Region: North America- 10%, Europe - 40%, Asia Pacific - 50%
Prominent companies include BYD Company Ltd. (China), Yutong Co., Ltd. (China), Xiamen King Long (China), CRRC Corporation Limited (China), and Zhejiang Geely Holding Group (China), which are the leading manufacturers of electric buses in the global market.
Research Coverage:
The study segments the electric bus market and forecasts the market size based on propulsion (BEVs, FCEVs), range (up to 300 miles, above 300 miles), the length of the bus (less than 9 m, 9-14 m, more than 14m), consumer (private, government), application (transit buses, coaches, school buses, and others), battery capacity (up to 400 kWh, Above 400 kWh), component (motors, batteries, fuel cell stacks, battery management systems, battery cooling systems, DC-DC converters, inverters, AC/DC chargers, EV connectors), the level of autonomy (semi-autonomous, autonomous), power output (up to 250 kW, above 250 kW), seating capacity (up to 40 seats, 40-70 seats, above 70 seats), by GVW (Up to 10 tonnes, 10 to 20 tonnes and above 20 tonnes), and region (Asia Pacific, North America, Middle East & Africa [MEA], Europe, and Latin America). This report covers the competitive analysis of upcoming startups/SMEs in the electric bus market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric bus market and the subsegments. The report includes a comprehensive market share analysis, supply chain analysis, extensive lists and insights into component manufacturers, chapter segmentation based on materials, a thorough supply chain analysis, and a competitive landscape. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights into the following points:
Analysis of key drivers (rising GHG emissions, government incentives and policies, overall targets to reduce fleet-level emissions and increasing demand for emission-free vehicles), restraints (CNG and biofuel buses slowing the adoption of electric buses, safety concerns in EV batteries and high development cost), opportunities (development of advanced battery technologies, transition towards hydrogen fuel cell electric mobility), and challenges (high cost of developing charging infrastructure) influencing the growth of the electric bus market
Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the electric bus market
Market Development: Comprehensive information about lucrative markets (the report analyzes the electric bus market across varied regions)
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric bus market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the electric bus market, such as BYD Company Ltd. (China), Yutong Co., Ltd. (China), Xiamen King Long (China), CRRC Corporation Limited (China), and Zhejiang Geely Holding Group (China)
The report also helps stakeholders understand the pulse of the electric bus market by providing them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION AND REGIONAL SNAPSHOT
1.3.2 INCLUSIONS AND EXCLUSIONS
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC BUS MARKET
4.2 ELECTRIC BUS MARKET, BY PROPULSION
4.3 ELECTRIC BUS MARKET, BY RANGE
4.4 ELECTRIC BUS MARKET, BY COMPONENT
4.5 ELECTRIC BUS MARKET, BY CONSUMER
4.6 ELECTRIC BUS MARKET, BY BATTERY CAPACITY
4.7 ELECTRIC BUS MARKET, BY BATTERY TYPE
4.8 ELECTRIC BUS MARKET, BY APPLICATION
4.9 ELECTRIC BUS MARKET, BY POWER OUTPUT
4.10 ELECTRIC BUS MARKET, BY LENGTH
4.11 ELECTRIC BUS MARKET, BY SEATING CAPACITY
4.12 ELECTRIC BUS MARKET, BY GVW
4.13 ELECTRIC BUS MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising GHG emissions
5.2.1.1.1 Government incentives and policies
5.2.1.1.2 Target to reduce fleet-level emissions
5.2.1.2 Increasing demand for emission-free vehicles and decline in battery prices
5.2.2 RESTRAINTS
5.2.2.1 CNG and biofuel buses slowing adoption of electric buses
5.2.2.2 Safety concerns in EV batteries and high development costs
5.2.3 OPPORTUNITIES
5.2.3.1 Development of advanced battery technologies
5.2.3.2 Transition toward hydrogen fuel cell electric mobility
5.2.3.3 Emergence of charging services for electric buses
5.2.4 CHALLENGES
5.2.4.1 High cost of developing charging infrastructure
6 INDUSTRY TRENDS
6.1 IMPACT OF AI/GEN AI ON ELECTRIC BUS MARKET
6.2 TRADE ANALYSIS
6.2.1 IMPORT SCENARIO
6.2.2 EXPORT SCENARIO
6.3 ECOSYSTEM ANALYSIS
6.4 SUPPLY CHAIN ANALYSIS
6.5 TOTAL COST OF OWNERSHIP: DIESEL BUSES VS. ELECTRIC BUSES
6.5.1 COST COMPARISON: ELECTRIC BUSES VS. ICE BUSES
6.6 PRICING ANALYSIS
6.6.1 BY APPLICATION
6.6.2 BY PROPULSION
6.6.3 BY REGION
6.7 PATENT ANALYSIS
6.7.1 INTRODUCTION
6.8 REGULATORY LANDSCAPE
6.8.1 NORTH AMERICA
6.8.2 EUROPE
6.8.3 ASIA PACIFIC
6.8.4 LATIN AMERICA
6.8.5 MIDDLE EAST & AFRICA
6.8.6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
6.9 CASE STUDY ANALYSIS
6.9.1 COMPLETE TRANSITION TO ELECTRIC BUSES IN SHENZHEN, CHINA
6.9.2 ZENOBE HELPED STAGECOACH INCORPORATE CHARGING INFRASTRUCTURE AND INSTALL CUSTOM MANAGEMENT SOFTWARE SYSTEM
6.9.3 A COMPREHENSIVE ANALYSIS TO EVALUATE FINANCIAL FEASIBILITY OF DEPLOYING ELECTRIC BUS FLEETS THAT REDUCE EMISSIONS
6.9.4 ELECTRIC BUS DEPLOYMENT WITH INFRASTRUCTURAL CHANGES
6.9.5 HSL WAS AWARDED OPERATIONS BASED ON OPEN TENDERS UNDER CHARGING-AS-A-SERVICE (CAAS) BUSINESS MODEL
6.9.6 AI-POWERED SOFTWARE IMPLEMENTED TO HELP FLEET OPERATORS CHARGE ELECTRIC BUSES
6.9.7 HIGHLAND ELECTRIC FLEETS, IN PARTNERSHIP WITH NATIONAL GRID, PROVIDED ELECTRIC SCHOOL BUSES AND COORDINATED ITS PARTICIPATION IN V2G PROGRAM FOR SCHOOL BUSES
6.9.8 VERMONT ELECTRIC SCHOOL AND TRANSIT BUS PILOT PROGRAM IMPLEMENTED TO FACILITATE COST-EFFECTIVE ELECTRIFICATION
6.9.9 FLEET TEST & EVALUATION TEAM AT NREL SUPPORTED AVTA BY CONDUCTING ASSESSMENTS OF MEDIUM- AND HEAVY-DUTY VEHICLES, ELECTRIC BUSES, AND TROLLEYS
6.9.10 EVENERGI DEVELOPED FRAMEWORK TO DETERMINE OPTIMAL COMBINATION OF DEPOT LAYOUTS, CHARGER SPEEDS, AND CHARGER TYPES
6.10 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.11 BILL OF MATERIALS ANALYSIS
6.12 KEY CONFERENCES AND EVENTS, 2025-2026
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.13.2 BUYING CRITERIA
6.14 SUPPLIER ANALYSIS
6.14.1 MAJOR ELECTRIC BUS BATTERY CELL MANUFACTURERS
6.14.2 KEY ELECTRIC BUS AXLE MANUFACTURERS
6.14.3 KEY ELECTRIC BUS HVAC SYSTEM MANUFACTURERS
6.14.4 MAJOR ELECTRIC BUS MOTOR MANUFACTURERS
6.15 INVESTMENT AND FUNDING SCENARIO
7 OEM ANALYSIS
7.1 INTRODUCTION
7.2 ELECTRIC AND ICE BUS MODELS: LENGTH VS. NUMBER OF SEATS
7.3 ELECTRIC BUS MODELS: LENGTH VS. NUMBER OF SEATS
7.4 BATTERY CAPACITY VS. DRIVE RANGE VS. PAX
7.5 ELECTRIC BUS SALES BY OEMS, 2021-2025
7.6 ELECTRIC BUS DRIVE MOTOR SUPPLIERS, BY OEM AND REGION
7.7 ELECTRIC BUS BATTERY CELL SUPPLIERS, BY OEM AND REGION
7.8 ELECTRIC BUS, OEM-WISE INSTALLED BATTERY CAPACITIES, 2021-2025 (IN MWH)
8 TECHNOLOGY ANALYSIS
8.1 TECHNOLOGY ANALYSIS
8.1.1 FUTURE TECHNOLOGY OVERVIEW
8.1.2 TECHNOLOGY ROADMAP
8.2 KEY TECHNOLOGIES
8.2.1 AUTONOMOUS BUSES
8.3 ADJACENT TECHNOLOGIES
8.3.1 CHARGING AS A SERVICE
8.3.2 BATTERY AS A SERVICE
8.3.3 PACKAGED FUEL CELL SYSTEM MODULE
8.3.4 METHANE FUEL CELLS
8.4 COMPLEMENTARY TECHNOLOGIES
8.4.1 UPCOMING BATTERY TECHNOLOGIES
8.4.1.1 NMC4
8.4.1.2 Solid-state battery technology
8.4.1.3 Sodium-ion battery technology
8.4.2 INNOVATIVE CHARGING SOLUTIONS
8.4.2.1 Off-board top-down pantograph charging system
8.4.2.2 On-board bottom-up pantograph charging system
8.4.2.3 Ground-based static/dynamic charging system
9 ELECTRIC BUS MARKET, BY LENGTH OF BUS
9.1 INTRODUCTION
9.2 LESS THAN 9 M
9.2.1 EASY MANEUVERING ON COMPACT ROADS
9.3 9-14 M
9.3.1 SUITABLE FOR FULL-DAY OPERATIONS
9.4 MORE THAN 14 M
9.4.1 GROWING NUMBER OF ARTICULATED ELECTRIC BUSES TO DRIVE MARKET
9.5 KEY INDUSTRY INSIGHTS
10 ELECTRIC BUS MARKET, BY BATTERY TYPE
10.1 INTRODUCTION
10.2 NMC BATTERIES
10.2.1 INCREASED PREFERENCE FOR HIGH ENERGY DENSITY
10.3 LFP BATTERIES
10.3.1 DEMAND FOR LOW-COST AND GOOD THERMAL STABILITY
10.4 NCA BATTERIES
10.4.1 BENEFITS ASSOCIATED WITH HIGH ENERGY DENSITY AND LONG-LIFE CYCLE
10.5 OTHER BATTERIES
10.6 KEY INDUSTRY INSIGHTS
11 ELECTRIC BUS MARKET, BY BATTERY CAPACITY
11.1 INTRODUCTION
11.2 UP TO 400 KWH
11.2.1 DEPLOYMENT IN INTRACITY TRANSPORT TO PROPEL GROWTH
11.3 ABOVE 400 KWH
11.3.1 USED FOR LONG-DISTANCE COMMUTE
11.4 KEY INDUSTRY INSIGHTS
12 ELECTRIC BUS MARKET, BY POWER OUTPUT
12.1 INTRODUCTION
12.2 UP TO 250 KW
12.2.1 WIDELY USED IN PUBLIC TRANSPORT BUSES
12.3 ABOVE 250 KW
12.3.1 DEMAND FOR HIGH-PERFORMANCE ELECTRIC BUSES TO DRIVE MARKET
12.4 KEY PRIMARY INSIGHTS
13 ELECTRIC BUS MARKET, BY RANGE
13.1 INTRODUCTION
13.2 UP TO 300 MILES
13.2.1 SUITABLE FOR URBAN AND SUBURBAN ROUTES WITH FREQUENT STOPS AND SHORTER DISTANCES BETWEEN CHARGING POINTS
13.3 ABOVE 300 MILES
13.3.1 INCREASING DEMAND FOR INTERCITY ELECTRIC BUSES TO DRIVE MARKET
13.4 KEY PRIMARY INSIGHTS
14 ELECTRIC BUS MARKET, BY SEATING CAPACITY
14.1 INTRODUCTION
14.2 UP TO 40 SEATS
14.2.1 NEED FOR ELECTRIC BUSES FOR SHORT-DISTANCE SHUTTLES TO DRIVE DEMAND
14.3 40-70 SEATS
14.3.1 SUITABLE FOR DENSELY POPULATED AREAS
14.4 ABOVE 70 SEATS
14.4.1 NEED FOR HIGHER PASSENGER-CARRYING CAPABILITIES TO DRIVE DEMAND
14.5 KEY INDUSTRY INSIGHTS
15 ELECTRIC BUS MARKET, BY APPLICATION
15.1 INTRODUCTION
15.2 CITY/TRANSIT BUS
15.2.1 NEED TO IMPROVE AIR QUALITY IN CITIES TO DRIVE DEMAND
15.3 COACHES
15.3.1 INCREASING DEMAND FOR SUSTAINABLE LONG-DISTANCE TRAVEL TO DRIVE GROWTH
15.4 SCHOOL BUSES
15.4.1 GROWING DEMAND IN NORTH AMERICA TO DRIVE ELECTRIC SCHOOL BUS MARKET
15.5 OTHER APPLICATIONS
15.6 KEY INDUSTRY INSIGHTS
16 ELECTRIC BUS MARKET, BY CONSUMER
16.1 INTRODUCTION
16.2 PRIVATE
16.2.1 GOVERNMENT SUBSIDIES TO PROMOTE ADOPTION OF ELECTRIC BUSES
16.3 GOVERNMENT
16.3.1 USE OF ELECTRIC BUSES FOR PUBLIC TRANSPORTATION
16.4 KEY INDUSTRY INSIGHTS
17 ELECTRIC BUS MARKET, BY GROSS VEHICLE WEIGHT (GVW)
17.1 INTRODUCTION
17.2 UP TO 10 TONNES
17.2.1 NEED FOR ELECTRIC BUSES FOR SHORT-DISTANCE SHUTTLES TO DRIVE GROWTH
17.3 10-20 TONNES
17.3.1 ASIA PACIFIC TO LEAD MARKET IN THIS SEGMENT
17.4 ABOVE 20 TONNES
17.4.1 ENGINEERED FOR BIGGER AND TEDIOUS OPERATIONS
17.5 KEY INDUSTRY INSIGHTS
18 ELECTRIC BUS MARKET, BY PROPULSION
18.1 INTRODUCTION
18.2 BATTERY ELECTRIC BUSES
18.2.1 FALLING BATTERY PRICES AND GOVERNMENT INCENTIVES TO ELECTRIFY PUBLIC BUS FLEETS
18.3 FUEL CELL ELECTRIC BUSES
18.3.1 SUSTAINABLE PRODUCTION OF HYDROGEN TO DRIVE GROWTH
18.4 KEY INDUSTRY INSIGHTS
19 ELECTRIC BUS MARKET, BY COMPONENT
19.1 INTRODUCTION
19.2 MOTORS
19.2.1 HIGHER EFFICIENCY THAN TRADITIONAL COMBUSTION ENGINES TO DRIVE GROWTH
19.3 BATTERIES
19.3.1 DECREASING PRICE OF LITHIUM-ION BATTERIES TO DRIVE GROWTH
19.4 FUEL CELL STACKS
19.4.1 INCREASING DEMAND FOR HYDROGEN FUEL CELL ELECTRIC BUSES TO DRIVE GROWTH
19.5 BATTERY MANAGEMENT SYSTEMS
19.5.1 NEED FOR EFFICIENT BATTERY OPTIMIZATION IN ELECTRIC BUSES TO DRIVE GROWTH
19.6 BATTERY COOLING SYSTEMS
19.6.1 GROWING FOCUS ON INCREASING BATTERY LIFE AND IMPROVING THERMAL MANAGEMENT TO DRIVE GROWTH
19.7 DC-DC CONVERTERS
19.7.1 KEY SAFETY SYSTEMS IN ELECTRIC BUSES
19.8 INVERTERS
19.8.1 GROWING DEMAND FOR ELECTRIC BUSES WITH HIGHER RANGE TO DRIVE GROWTH
19.9 AC/DC CHARGERS
19.9.1 CRITICAL TO OVERALL OPERATION AND EFFICIENCY OF ELECTRIC BUSES
19.10 EV CONNECTORS
19.10.1 INCREASING INVESTMENTS IN SUSTAINABLE URBAN TRANSPORTATION INITIATIVES TO DRIVE GROWTH
19.11 KEY INDUSTRY INSIGHTS
20 ELECTRIC BUS MARKET, BY LEVEL OF AUTONOMY
20.1 INTRODUCTION
20.2 SEMI-AUTONOMOUS
20.3 AUTONOMOUS
20.4 KEY INDUSTRY INSIGHTS
21 ELECTRIC BUS MARKET, BY REGION
21.1 INTRODUCTION
21.2 ASIA PACIFIC
21.2.1 MACROECONOMIC OUTLOOK
21.2.2 CHINA
21.2.2.1 Widespread adoption of electric buses in public transport and presence of leading OEMs to boost growth
21.2.3 JAPAN
21.2.3.1 Focus on developing advanced electric buses to drive market
21.2.4 INDIA
21.2.4.1 Government support for electrification of public transport to propel demand
21.2.5 SOUTH KOREA
21.2.5.1 Focus on electrification of public transport fleets to boost growth
21.2.6 SINGAPORE
21.2.6.1 Growing emphasis on promoting green public transport by 2040 to boost growth
21.2.7 INDONESIA
21.2.7.1 Government's commitment to improving air quality to spur demand
21.2.8 AUSTRALIA
21.2.8.1 Increasing awareness regarding climate change to drive growth
21.3 EUROPE
21.3.1 MACROECONOMIC OUTLOOK
21.3.2 FRANCE
21.3.2.1 Aim for all-electric public transport fleet by 2025 to promote use of electric buses
21.3.3 GERMANY
21.3.3.1 Increased government incentives and investments for infrastructure development to boost market
21.3.4 SPAIN
21.3.4.1 Government's focus on replacing existing public transport fleet with electric buses to boost growth
21.3.5 ITALY
21.3.5.1 Rising concerns about emissions to encourage government to adopt electrification of public transport system
21.3.6 NORWAY
21.3.6.1 Rising government support and schemes for electric buses to increase demand
21.3.7 SWEDEN
21.3.7.1 Presence of market-leading OEMs to support growth of electric bus market
21.3.8 DENMARK
21.3.8.1 Favorable government regulations to support growth of electric bus market
21.3.9 NETHERLANDS
21.3.9.1 Increased orders and deliveries of electric buses to boost demand
21.3.10 BELGIUM
21.3.10.1 Investments for electrification of public transport to drive growth
21.3.11 UK
21.3.11.1 Stringent regulations for emission-free buses to boost adoption of electric buses
21.3.12 FINLAND
21.3.12.1 Continuous need for reducing carbon emissions to drive growth
21.3.13 POLAND
21.3.13.1 Push toward sustainable public transportation to spur demand for electric buses
21.4 NORTH AMERICA
21.4.1 MACROECONOMIC OUTLOOK
21.4.2 US
21.4.2.1 Government programs to promote zero-emission vehicles to boost growth
21.4.3 CANADA
21.4.3.1 Government subsidies and presence of key players to boost adoption of electric school buses
21.5 LATIN AMERICA
21.5.1 MACROECONOMIC OUTLOOK
21.5.2 ARGENTINA
21.5.2.1 Demand for electrification of bus fleets to boost demand for advanced electric buses
21.5.3 BRAZIL
21.5.3.1 Growing environmental concerns to lead to demand for electric buses
21.5.4 CHILE
21.5.4.1 Government's focus on promoting emission-free public transport to encourage use of electric buses
21.5.5 MEXICO
21.5.5.1 Rapid strategies undertaken by government to indicate growth of electric bus market
21.5.6 COLOMBIA
21.5.6.1 Increasing government initiatives for electric bus purchases to drive market
21.6 MIDDLE EAST & AFRICA
21.6.1 MACROECONOMIC OUTLOOK
21.6.2 SOUTH AFRICA
21.6.2.1 Investments by leading OEMs in advanced technologies in automotive sector to drive market
21.6.3 UAE
21.6.3.1 Growing electrification trend in cities to boost demand for electric buses
21.6.4 QATAR
21.6.4.1 Net-zero aims to push incorporation of electric buses
22 COMPETITIVE LANDSCAPE
22.1 OVERVIEW
22.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
22.3 ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
22.3.1 ASIA: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
22.3.2 EUROPE: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
22.3.3 NORTH AMERICA: ELECTRIC BUS MARKET SHARE ANALYSIS, 2024
22.4 REVENUE ANALYSIS
22.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
22.5.1 STARS
22.5.2 EMERGING LEADERS
22.5.3 PERVASIVE PLAYERS
22.5.4 PARTICIPANTS
22.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
22.5.5.1 Consumer footprint
22.5.5.2 Region footprint
22.5.5.3 Application footprint
22.5.5.4 Propulsion footprint
22.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
22.6.1 PROGRESSIVE COMPANIES
22.6.2 RESPONSIVE COMPANIES
22.6.3 DYNAMIC COMPANIES
22.6.4 STARTING BLOCKS
22.6.5 COMPETITIVE BENCHMARKING
22.6.5.1 List of key startups/SMEs
22.6.5.2 Competitive benchmarking of key startups/SMEs
22.7 COMPANY VALUATION
22.8 FINANCIAL METRICS
22.9 BRAND/PRODUCT COMPARISON
22.10 COMPETITIVE SCENARIO
22.10.1 PRODUCT LAUNCHES, DEVELOPMENTS, AND ENHANCEMENTS, SEPTEMBER 2022-JULY 2025