The Mexico Automotive Electric Bus Market size is estimated at USD 0.28 billion in 2024, and is expected to reach USD 1.09 billion by 2029, growing at a CAGR of 31.62% during the forecast period (2024-2029).
The Mexican electric bus market is consolidated. The top global players account for most of the market share. The major companies in the electric bus market include Daimler, BYD, Yutong, Zhongtong Bus, and King Long. Local companies, such as Advanced Power Vehicles, are also tapping the market by converting IC buses to fully electric buses. BYD, a Chinese firm, is testing its new 12-meter-long electric bus, which will soon be integrated with an 8m long model. BYD offers pure electric buses with a range of 250 km.
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