North America Electric Bus Market Size, Share & Industry Trends Analysis Report By Battery Type, By Vehicle, By Application (Intercity, and Intracity), By End-use (Public, and Private), By Country and Growth Forecast, 2023 - 2030
The North America Electric Bus Market would witness market growth of 20.5% CAGR during the forecast period (2023-2030).
Vehicle exhaust is the primary source of air pollution, ozone depletion, and climate-harming chemical emissions. The demand for and popularity of vehicles that use electrical energy and are less damaging to the environment has grown due to the consumption of crude petroleum and increased fuel prices. In order to lessen reliance on petroleum fuel, these e-buses have been introduced more frequently. Additionally, compared to conventional modes of transportation, electric cars are lighter and more efficient due to their reduced number of moving parts. Because of this, automobiles need less maintenance overall, which is good for the environment. As a result, throughout the forecast period, the market is anticipated to increase significantly as a result of these factors.
In 2022, the U.S. Department of Transportation FTA announced $1.66 billion in grants to transit organizations, territories, and states around the nation to construct 150 bus fleets and facilities. More than 1,100 of those vehicles will be equipped with zero-emission technology due to funding provided by the President's Bipartisan Infrastructure Law, which lowers air pollution and aids in achieving the President's target of net-zero emissions by 2050. Additionally, with the help of the EPA's Clean School Bus Program, $5 billion will be available over five years (FY 2022-2026) to replace the current school buses with zero- and low-emission versions. Over 25 million kids take public transportation to school daily, some of whom breathe air contaminated by diesel school buses.
The US market dominated the North America Electric Bus Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,021.1 Million by 2030. The Canada market is poised to grow at a CAGR of 23.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 22.1% during (2023 - 2030).
Based on Battery Type, the market is segmented into Lithium Iron Phosphate, and Lithium Nickel Manganese Cobalt Oxide. Based on Vehicle, the market is segmented into Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle. Based on Application, the market is segmented into Intercity, and Intracity. Based on End-use, the market is segmented into Public, and Private. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BYD Company Ltd., Volvo Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.), Volkswagen AG, Nissan Motor Co., Ltd, Ashok Leyland Limited (Hinduja Group Ltd.), Mercedes-Benz Group AG (Daimler Truck Holding AG), Yutong Bus Co., Ltd., Tata Motors Limited (Tata Group) and Hyundai Motor Company.
Scope of the Study
Market Segments covered in the Report:
By Battery Type
- Lithium Iron Phosphate
- Lithium Nickel Manganese Cobalt Oxide
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
- Intercity
- Intracity
- Public
- Private
- US
- Canada
- Mexico
- Rest of North America
- BYD Company Ltd.
- Volvo Group
- Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
- Volkswagen AG
- Nissan Motor Co., Ltd
- Ashok Leyland Limited (Hinduja Group Ltd.)
- Mercedes-Benz Group AG (Daimler Truck Holding AG)
- Yutong Bus Co., Ltd.
- Tata Motors Limited (Tata Group)
- Hyundai Motor Company
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Electric Bus Market, by Battery Type
- 1.4.2 North America Electric Bus Market, by Vehicle
- 1.4.3 North America Electric Bus Market, by Application
- 1.4.4 North America Electric Bus Market, by End-Use
- 1.4.5 North America Electric Bus Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Apr – 2023, Jun) Leading Players
- Chapter 4. North America Electric Bus Market by Battery Type
- 4.1 North America Lithium Iron Phosphate Market by Country
- 4.2 North America Lithium Nickel Manganese Cobalt Oxide Market by Country
- Chapter 5. North America Electric Bus Market by Vehicle
- 5.1 North America Battery Electric Vehicle Market by Country
- 5.2 North America Plug-in Hybrid Electric Vehicle Market by Country
- 5.3 North America Fuel Cell Electric Vehicle Market by Country
- Chapter 6. North America Electric Bus Market by Application
- 6.1 North America Intercity Market by Country
- 6.2 North America Intracity Market by Country
- Chapter 7. North America Electric Bus Market by End-use
- 7.1 North America Public Market by Country
- 7.2 North America Private Market by Country
- Chapter 8. North America Electric Bus Market by Country
- 8.1 US Electric Bus Market
- 8.1.1 US Electric Bus Market by Battery Type
- 8.1.2 US Electric Bus Market by Vehicle
- 8.1.3 US Electric Bus Market by Application
- 8.1.4 US Electric Bus Market by End-use
- 8.2 Canada Electric Bus Market
- 8.2.1 Canada Electric Bus Market by Battery Type
- 8.2.2 Canada Electric Bus Market by Vehicle
- 8.2.3 Canada Electric Bus Market by Application
- 8.2.4 Canada Electric Bus Market by End-use
- 8.3 Mexico Electric Bus Market
- 8.3.1 Mexico Electric Bus Market by Battery Type
- 8.3.2 Mexico Electric Bus Market by Vehicle
- 8.3.3 Mexico Electric Bus Market by Application
- 8.3.4 Mexico Electric Bus Market by End-use
- 8.4 Rest of North America Electric Bus Market
- 8.4.1 Rest of North America Electric Bus Market by Battery Type
- 8.4.2 Rest of North America Electric Bus Market by Vehicle
- 8.4.3 Rest of North America Electric Bus Market by Application
- 8.4.4 Rest of North America Electric Bus Market by End-use
- Chapter 9. Company Profiles
- 9.1 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles, S.A.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Product Launches and Product Expansions:
- 9.2 Ashok Leyland Limited (Hinduja Group Ltd.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.3 Mercedes-Benz Group AG (Daimler Truck Holding AG)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Geographical Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Yutong Bus Co., Ltd.
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
- 9.4.2.1 Product Launches and Product Expansions:
- 9.5 BYD Company Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.6 Volvo Group
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 Volkswagen AG
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Nissan Motor Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 SWOT Analysis
- 9.9 Tata Motors Limited (Tata Group)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.10. Hyundai Motor Company
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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