The North America Electric Bus Market was valued at USD 1.03 billion in 2024 and is estimated to grow at a CAGR of 16.4% to reach USD 4.69 billion by 2034.
Federal and state-level programs such as the U.S. Federal Transit Administration’s Low or No Emission Vehicle Program are pushing public transit agencies toward fleet electrification by offering substantial grants, tax credits, and subsidies for electric buses and charging infrastructure.
Increasing Demand for Mini-bus (up to 8 m)
The mini-bus (up to 8 m) segment held a notable share in 2024, owing to its versatility and suitability for last-mile transit, shuttle services, and paratransit applications. These compact electric buses offer the advantage of maneuverability in dense urban environments and smaller passenger capacities, making them ideal for routes with lower ridership or narrow streets. With growing demand for sustainable and efficient transit options, the mini-bus segment is expected to grow. Manufacturers are focusing on enhancing battery life and charging efficiency while maintaining cost-effectiveness to appeal to municipalities and private operators alike.
Major players involved in the North America electric bus market are Gillig LLC, BYD Motors, Trans Tech Bus, The Lion Electric Company, Collins Bus Corporation, Van Hool, GreenPower Motor Company, Blue Bird Corporation, NFI Group, and Alexander Dennis (ADL).
Companies in the North America electric bus market are employing a blend of technological innovation, strategic alliances, and customer-centric solutions to reinforce their market presence. Emphasizing advancements in battery efficiency, vehicle range, and charging speed, they aim to differentiate their offerings in a competitive landscape. Collaborations with public transit authorities, utility providers, and infrastructure developers are pivotal to ensuring seamless integration and reliable operations.
This product will be delivered within 2-4 business days.
Federal and state-level programs such as the U.S. Federal Transit Administration’s Low or No Emission Vehicle Program are pushing public transit agencies toward fleet electrification by offering substantial grants, tax credits, and subsidies for electric buses and charging infrastructure.
Increasing Demand for Mini-bus (up to 8 m)
The mini-bus (up to 8 m) segment held a notable share in 2024, owing to its versatility and suitability for last-mile transit, shuttle services, and paratransit applications. These compact electric buses offer the advantage of maneuverability in dense urban environments and smaller passenger capacities, making them ideal for routes with lower ridership or narrow streets. With growing demand for sustainable and efficient transit options, the mini-bus segment is expected to grow. Manufacturers are focusing on enhancing battery life and charging efficiency while maintaining cost-effectiveness to appeal to municipalities and private operators alike.
Rising Adoption of 100 kWh
The electric buses segment below 100 kWh segment generated significant revenues in 2024 as a popular choice for short-route operations and shuttle services where frequent recharging is feasible. These smaller battery systems reduce vehicle weight and cost, improving overall efficiency and making electric buses more accessible to smaller transit agencies and private fleets. Despite the limited range, advancements in fast-charging technology are mitigating downtime, enabling these buses to maintain consistent schedules.Regional Insights
U.S. to Emerge as a Propelling Region
U.S. electric bus market held sizeable growth in 2024, driven by federal funding initiatives, state-level clean energy mandates, and rising environmental consciousness among consumers and policymakers. As transit agencies seek to replace aging diesel fleets with zero-emission alternatives, investments in battery technology, charging infrastructure, and fleet management systems have surged. Key industry players are leveraging innovation, strategic partnerships, and government collaborations to meet diverse regional needs and regulatory requirements, solidifying their market position and accelerating adoption.Major players involved in the North America electric bus market are Gillig LLC, BYD Motors, Trans Tech Bus, The Lion Electric Company, Collins Bus Corporation, Van Hool, GreenPower Motor Company, Blue Bird Corporation, NFI Group, and Alexander Dennis (ADL).
Companies in the North America electric bus market are employing a blend of technological innovation, strategic alliances, and customer-centric solutions to reinforce their market presence. Emphasizing advancements in battery efficiency, vehicle range, and charging speed, they aim to differentiate their offerings in a competitive landscape. Collaborations with public transit authorities, utility providers, and infrastructure developers are pivotal to ensuring seamless integration and reliable operations.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates & Forecast, by Bus, 2021-2034 (USD Mn, Units)
Chapter 6 Market Estimates & Forecast, by Battery Capacity, 2021-2034 (USD Mn, Units)
Chapter 7 Market Estimates & Forecast, by Seating Capacity, 2021-2034 (USD Mn, Units)
Chapter 8 Market Estimates & Forecast, by Propulsion, 2021-2034 (USD Mn, Units)
Chapter 9 Market Estimates & Forecast, by Service, 2021-2034 (USD Mn, Units)
Chapter 10 Market Estimates & Forecast, by Country, 2021-2034 (USD Mn, Units)
Chapter 11 Company Profiles
Companies Mentioned
The key companies profiled in this North America Electric Bus market report include:- BYD Motors
- New Flyer Industries
- Blue Bird Corporation
- Proterra
- Nova Bus (Volvo Group)
- Gillig Corporation
- Alexander Dennis (ADL)
- Van Hool
- Daimler
- TEMSA
- Lion Electric
- IC Bus (Navistar)
- Thomas Built Buses
- Collins Bus Corporation
- Micro Bird
- Trans Tech Bus
- ElDorado National
- Starcraft Bus
- Champion Bus
- Creative Bus Sales
- Lightning eMotors
- Phoenix Motorcars
- Vicinity Motor Corp
- GreenPower Motor
- Motiv Power Systems
- SEA Electric
- Efficient Drivetrains Inc. (EDI)
- Complete Coach Works
- REV Group
- Forest River Bus
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 210 |
Published | August 2025 |
Forecast Period | 2024 - 2034 |
Estimated Market Value ( USD | $ 1.03 Billion |
Forecasted Market Value ( USD | $ 4.69 Billion |
Compound Annual Growth Rate | 16.4% |
Regions Covered | North America |
No. of Companies Mentioned | 31 |