Global Electric Bus Market 2025 – 2034

A Custom Market Insights (CMI) says that the Global Electric Bus Market size was about USD 61.13 Billion in 2025 and will be about USD 177.14 Billion by 2034, with a compound annual growth rate (CAGR) of 12.44% from 2025 to 2034.

The report looks at the Electric Bus market's drivers and restraints and how they affect the market. The report also talks about global opportunities that exist in the Electric Bus market.

A Look at the Electric Bus Market

Instead of internal combustion engines, an electric bus uses electric motors to move forward. Electric buses can get their power in two ways: they can either store the energy they need on board or get it from outside sources all the time. Most buses that hold electricity are battery electric buses, which is what this page is mostly about. The electric motor gets power from a battery pack on the bus. There are other types of storage, like the gyrobus, which uses flywheel energy storage, but these buses are not very common. When not stored on board, electricity is gotten from outside power sources.

Reasons for Growth

There is a growing demand for buses that don't pollute the air, are fuel-efficient, and don't pollute the air. Electric bus development is also driven by the government's efforts to meet zero emissions targets, strict rules, and growing worries about the environment. The demand is also fueled by car companies' investments in making electric buses that run on hydrogen fuel cells. The market for e-buses is also expected to grow because battery makers are putting more money into making batteries that are cheaper and better.

High costs and poor battery performance are the main things holding back the growth of the industry. Customers are less likely to choose electric buses over regular ones because they cost more to buy and keep up with. Also, e-bus batteries don't work as well as regular bus batteries because they don't hold a charge well, take a long time to charge, and don't go as far on a single charge. Also, the e-bus doesn't work as well in colder weather, and charging the batteries doesn't work as well overall.

Overview of the Segments

The global Electric Bus market is split up by battery, vehicle type, application, and end use. By the end of 2025, the public sector's share of revenue was more than 80%. The large market share is due to the growing need for transportation services and the fact that governments are putting in place a lot of GHG emissions to cut down on fossil fuel use and air and noise pollution. As part of the Trolebici project, which costs about $35 million and aims to improve Mexico City's transportation and commuting infrastructure, 63 electric trolley buses were added to the country's fleet of public transit vehicles in January 2020.

By application, the intracity segment was the biggest part of the market in 2025, bringing in more than 85.0% of the revenue. The need for intracity e-buses and the rise in demand for public transportation are both due to more people traveling to work, school, and universities around the world.

A Look at the Region

In 2025, Asia Pacific made up the biggest part of the company's revenue, with more than 85%. The growth can be linked to countries like China, India, and Japan, as well as the growing desire for transportation that is better for the environment. China is a major player in the market because it is home to many of the world's largest manufacturing companies. In March 2021, for example, China had more than 421,000 e-buses, which is about 99% of the world's fleet. Also, the growth of the charging infrastructure, worries about the environment, and strict government rules are all factors that are helping businesses grow in this area.

The scope of the report

Details of the Report's Feature

The market will be worth $61.13 billion in 2025.

Estimated Market Size in 2034: $177.14 Billion

The market will be worth $54.85 billion in 2024.

CAGR Growth Rate: 12.44% CAGR

Year of Base - 2024

Forecast Period: 2025 to 2034

Key Segment: By Battery, Vehicle Type, End-Use, Application, and Region

Report Contents: Company Profile, Revenue Estimation and Forecast, Competitive Landscape, Growth Factors, and Recent Trends

Geographic Scope: North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America Show more