Electric Bus Market Size, Share, Growth Factors, Trends and Forecast 2020-2026

Posted by Rushikesh Pise on March 12th, 2020

The global electric bus market is prognosticated to reach 291 thousand units by 2026, exhibiting a CAGR of 5.7% during the forecast period 2019-2026 attributed to the increasing need for controlling environmental concerns emitted from automobiles worldwide. As per the United Nations Environment Programme, a significant amount of black carbon emitted from the transportation sector is from urban buses which are further expected to increase in the coming years. 

To cut down on the carbon emission, the UN Environment Programme is providing policy and technical support to about twenty cities in Latin America, Africa, and Asia for introducing electric buses for public transport. Such initiatives taken by large organizations are likely to spur demand for electric buses, thus promoting the electric bus market trends.

List of Some Key players of the electric bus market include:

  •          Scania AB
  •          New Flyer Industries
  •          Proterra, Inc.
  •          BYD Co., Ltd.
  •          Iveco
  •          Daimler AG
  •          AB Volvo

Fortune Business Insights™ demonstrates the information mentioned above in their recently published report titled, “Global Electric Bus Market Size, Share & Industry Analysis, By Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), and Regional Forecasts, 2019-2026” According to the report, the market value stood at 182 thousand units in 2018. In addition to this, the report provides a comprehensive overview of the market. It also lists factors boosting, repelling, challenging, and providing an opportunity to the market in the forecast period. The report offers a qualitative and quantitative approach to the market emphasizing key industry developments, interesting market insights and other electric bus market trends.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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