United States Electric Bus Market (2024-2030) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook

United States Electric Bus Market Highlights

Report Name	United States Electric Bus Market
Forecast period	2024-2030
CAGR	28.6%
Growing Sector	Public Sector

Topics Covered in the United States Electric Bus Market Report

The United States Electric Bus Market report thoroughly covers the market by vehicle type, charging infrastructure, end users and region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

United States Electric Bus Market Synopsis

The electric bus market in the United States has grown significantly in the last several years, and this growth pattern is anticipated to last for a very long time. There is a rising need for greener and more sustainable forms of transportation due to worries about air pollution and the need to cut greenhouse gas emissions. This has caused a change in favor of electric buses, which are becoming more and more well-liked since they operate more cheaply, have a smaller carbon impact, and perform better than conventional diesel buses.

According to 6Wresearch, the United States Electric Bus Market size is expected to grow at a significant CAGR of 28.6% during the forecast period 2024-2030. The growing focus on lowering emissions and enhancing air quality is one of the key factors propelling the electric bus market in the US. One of the main industries contributing to air pollution is the transportation sector, and as a result of government legislation enforcing tougher emission standards, there is an increasing desire for greener options, such as electric buses.

Additionally, one of the main factors influencing the adoption of electric buses is their cheaper running costs when compared to diesel buses. Fleet operators can save money on operations and maintenance since electric buses have fewer moving parts and require less maintenance. Because of this, they are a desirable choice for both private businesses and public transit systems.

Electric buses have many advantages, but in order to reach their full potential in the US market, a few issues still need to be resolved. One such difficulty is the high initial cost of buying electric buses, which may be prohibitive for private operators or transit authorities with limited resources.
The broad usage of electric buses is also severely hampered by the absence of infrastructure for charging. Even while many American cities have begun to install charging stations, more infrastructure that is both widely available and easily accessible is still required to support the market's expansion.

United States Electric Bus Industry: Key Players

Major participants in the US electric bus market include VDL Groep BV, BYD Company Ltd., Proterra Inc., and New Flyer Industries Inc. In an effort to improve battery technology, increase range, and reduce costs, these businesses are aggressively investing in research and development. The goal of this continuous innovation is to give fleet operators and transportation authorities additional options when it comes to electric buses. Their initiatives are propelling the electric bus sector's development and advancing the development of more environmentally friendly and effective public transportation options.

Electric Bus Market in United States: Government Initiatives and Policies

The US government has been aggressively pushing the usage of electric buses by means of a number of programs and regulations. Transit agencies can get zero-emission buses, including electric ones, with significant financing from the Federal Transit Administration (FTA) through the Low or No Emission Vehicle Program. This initiative is a component of larger national initiatives to lower greenhouse gas emissions and enhance air quality.

Many states and localities have created their own incentives and initiatives to promote the adoption of electric buses in addition to federal support. The Innovative Clean Transit (ICT) rule in California, for instance, requires all public transportation companies to switch to zero-emission buses by the year 2040. An essential part of California's plan to fight climate change and cut pollution is this state-led program. Similar laws and incentives are being implemented by other states and towns as well, fostering a favorable climate for the national expansion of electric bus fleets. These concerted initiatives are essential to quickening the transition to environmentally friendly public transportation.

Future Insights of the Market

The market for electric buses in the US appears to have a bright future because to growing funding and support from public and commercial sectors. The creation of a widespread infrastructure for charging and the advancement of battery technology are anticipated to fuel this market's expansion.

Moreover, it is projected that electric buses will keep becoming more and more popular in the upcoming years due to the ongoing push for environmentally friendly transportation options and tighter emission standards. This might result in a large decrease in the transportation sector's carbon emissions, improving the environment for everybody. We may conclude that the US electric bus sector still has a lot of room for expansion and innovation. Thus, now is a fantastic moment for businesses to join this market and help create a more sustainable future.

Market Segmentation by Vehicle Type

According to Dhaval, Research Manager, 6Wresearch, the US electric bus industry would be dominated by the Battery Electric Bus (BEB) sector between 2024 and 2030. This can be linked to the growing use of BEBs by private fleet operators and transit agencies because of their reduced operating costs and ability to produce zero emissions.

Market Segmentation by Charging Infrastructure

The Ground Contact Charging infrastructure segment is anticipated to lead the US electric bus market throughout the course of the projected year. This is explained by the fact that it is more affordable than other charging infrastructure options and works with the current road system.

Market Segmentation by End Users

The electric bus market in the US is anticipated to be dominated in the upcoming years by the public end user segment. This is explained by the growing number of official programs and directives encouraging the use of electric buses in public transportation networks.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• United States Electric Bus Market Overview
• United States Electric Bus Market Outlook
• United States Electric Bus Market Forecast
• Historical Data of United States Electric Bus Market Revenues & Volume for the Period 2020-2030
• US Electric Bus Market Size and Forecast of Revenues & Volume, Until 2030
• Historical Data of United States Electric Bus Market Revenues & Volume, by Vehicle Types, for the Period 2020-2030
• Market Size & Forecast of United States Electric Bus Market Revenues & Volume, by Vehicle Types, Until 2030
• Historical Data of the United States Electric Buses Market Revenues and Volume, By Charging Infrastructure, for the Period 2020-2030
• Market Size & Forecast of United States Electric Bus Market Revenues and Volume, By Charging Infrastructure, Until 2030
• Historical Data of United States Electric Bus Market Revenues and Volume, By End Users, for the Period 2020-2030
• Market Size & Forecast of United States Electric Bus Market Revenues and Volume, By End Users, Until 2025
• Historical Data of the United States Electric Bus Market Revenues and Volume, By Regions, for the Period 2020-2030
• Market Size & Forecast of United States Electric Bus Market Revenues and Volume, By Regions, Until 2030
• Market Drivers and Restraints
• United States Electric Bus Market Price Trends
• United States Electric Bus Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• The United States Electric Bus Market Share, By Regions
• The United States Electric Bus Market Share, By Players
• United States Electric Bus Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The United States Electric Bus Market report provides a detailed analysis of the following market segments:

By Vehicle Types

• Battery Electric Bus (BEB)
• Plug-In Electric Bus (PHEB)
• Hybrid Electric Bus (HEB)

By Charging Infrastructure

• Ground Contact
• Roof Pantograph
• Gantry Pantograph
• Plug Only
• Induction

By End Users

• Public
• Private

By Regions

• Western Region
• Southern Region
• Mid-Western Region
• North Eastern Region