North America Electric Bus Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Vehicle Type, Hybrid Powertrain, Battery and End User

The North America electric bus market is expected to grow from US$ 756.45 million in 2021 to US$ 2,539.40 million by 2028; it is estimated to grow at a CAGR of 18.9% from 2021 to 2028.

Air pollution causes several diseases, some even becoming fatal at advanced stages. As vehicular discharge impacts public health, it may have a dangerous impact on the environment. Governments across the region are investing heavily in infrastructure development to reduce ozone-depleting compounds and air pollution levels. This will be accomplished by enacting strict government regulations on automobile emissions. The electric bus market is expanding as a result of these standards. Electric buses are eco-friendly since they do not emit any harmful pollutants. Furthermore, electric buses are efficient and provide clean urban transportation, giving a viable alternative to maintaining clean air in metropolitan areas. As a result, many urban areas in countries progressively accept e-transport systems. The governments across the region enforced strict pollution standards, and directives are accelerating the use of electric buses, driving the market growth across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America electric bus market . The North America electric bus market is expected to grow at a good CAGR during the forecast period.

North America Electric Bus Market Segmentation

The North America electric bus market is segmented based on vehicle type, hybrid powertrain, battery, end user, and country. Based on vehicle type, the market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment dominated the market in 2021. Based on hybrid powertrain, the market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment dominated the market in 2021. Based on battery, the market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment dominated the market in 2021. Based on end user, the market is bifurcated into public and private. The public segment dominated the market in 2021. Based on country, the North America electric bus market is segmented into the US, Canada, and Mexico. The US dominated the market in 2021.

AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; NFI Group; Proterra Inc.; Shenzhen Wuzhoulong Motors Co., Ltd; and Van Hool NV are among the leading companies in the North America electric bus market.