Electric Bus Market: Industry Potential, Trends and forecast to 2028

1
Electric Bus Market Industry Potential, Trends
and forecast to 2028
2

• Industry Insights

• As per a recent research report, the global
  electric bus market size may cross as much as USD
  75 billion by 2028.
• With the continuous penetration of heavy-duty and
  medium automobiles and the ongoing
  electrification of the transportation facilities,
  the electric bus industry is likely to experience
  a paradigm shift in the forthcoming years.
• The electric bus sales trajectory has been on a
  rise for the last few years on account of rapid
  addition to the fleets of large organizations
  like airports, schools, public transit, etc. In
  addition, these buses provide several
  operational, community, and utility benefits,
  including increased fuel savings, cost
  efficiency, reliability, safety, sustainability,
  smoother ride experience, and similar downtime to
  other technologies.
• The emissions, pollution, and particulates caused
  due to fuel exhaustion in conventional buses harm
  human health, especially in children with faster
  breathing rates and underdeveloped lungs. Since
  buses are used as transit vehicles in schools,
  several governments have issued mandates and
  taken necessary initiatives to mitigate climate
  change and air pollution. 

3

• The growing environmental concerns related to
  carbon emissions and reducing the dependency on
  fossil fuels have encouraged governments across
  emerging economies to create a carbon-free
  infrastructure. In addition, automobile
  manufacturers across the globe are indulging in
  research and development projects to develop
  eco-friendly mobility solutions.
• Other factors strengthening the electric bus
  market outlook are the massive population growth
  and increasing migration of people from rural to
  urban areas, escalating the demand for robust
  urban infrastructure and public transit vehicles.
  Besides, the latest technological advancements in
  battery technology and rapid adoption of
  alternative fuel-based engines could positively
  influence the e-bus industry landscape.

4

• Regional Analysis

• The electric bus market share in the Asia Pacific
  region may increase substantially in the
  forthcoming years, backed by the expanding urban
  infrastructure, constantly rising fuel prices,
  and growing health and environmental concerns.
• The Taipei government added nearly 68 e-buses
  equipped with Advanced Driver-Assistance Systems
  (ADAS) to its fleet by April 2022, as part of its
  initiative to replace conventional fuel-based
  buses with their electric counterparts.

• Competitive Analysis

• AB Volvo
• Anhui Ankai Automobile Co. Ltd.
• Beiqi Foton Motor Co.Ltd.
• BMW AG
• BYD Company

5
Electric Motors Market _at_ https//www.gminsights.co
m/industry-analysis/electric-motors-market
Request for sample of this research report _at_
https//www.gminsights.com/roc/2144
Request for customization https//www.gminsights.
com/request-sample/detail/2144
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com