Global Plug-in Hybrid Electric Bus Market Growth 2025-2031

The global Plug-in Hybrid Electric Bus market size is predicted to grow from US$ 774 million in 2025 to US$ 1904 million in 2031; it is expected to grow at a CAGR of 16.2% from 2025 to 2031.

Plug-in Hybrid Electric Bus use batteries to power an electric motor, as well as another fuel, such as gasoline or diesel, to power an internal combustion engine or other propulsion source. PHEVs can charge their batteries through charging equipment and regenerative braking.

The Plug-in Hybrid Electric Bus (PHEB) serves as a transitional solution in the global shift toward fully electrified public transportation. Unlike conventional diesel buses, PHEBs can operate in pure electric mode for a certain range while using an internal combustion engine for extended mileage. This flexibility makes them ideal for regions with limited charging infrastructure or long-distance transit routes. Currently, PHEBs are gaining traction in Europe, North America, and parts of Asia, where government incentives and low-emission zone (LEZ) regulations encourage the adoption of cleaner public transport solutions.

From a technological perspective, PHEBs primarily use Lithium Iron Phosphate (LFP) or Nickel Manganese Cobalt (NCM/NCA) batteries, with configurations tailored to specific operational needs. Typically, they offer an electric driving range of 30-80 km, sufficient for daily urban operations, while the combustion engine provides reliability for longer routes. As advancements in solid-state batteries and ultra-fast charging continue, PHEBs are expected to improve in both electric range and charging efficiency, making them even more sustainable.

Market adoption varies by region. In Europe, PHEBs are being integrated into public transit fleets to meet LEZ requirements, whereas in North America, their hybrid nature makes them suitable for long-distance and mountainous routes. While China initially promoted PHEBs, government policies have shifted toward fully electric buses (BEBs), limiting PHEB expansion. However, in Southeast Asia and Latin America, where charging infrastructure remains underdeveloped, PHEBs continue to be a practical choice.

In the long term, PHEBs will face competition from BEBs and Fuel Cell Electric Buses (FCEBs) as battery technology improves and charging networks expand. Nonetheless, they will remain relevant in specific applications requiring extended range or operation in harsh environments. Additionally, integration with V2G (Vehicle-to-Grid) technology and smart scheduling systems will further enhance their operational efficiency and environmental impact.

LP Information, Inc. (LPI) ' newest research report, the “Plug-in Hybrid Electric Bus Industry Forecast” looks at past sales and reviews total world Plug-in Hybrid Electric Bus sales in 2024, providing a comprehensive analysis by region and market sector of projected Plug-in Hybrid Electric Bus sales for 2025 through 2031. With Plug-in Hybrid Electric Bus sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plug-in Hybrid Electric Bus industry.

This Insight Report provides a comprehensive analysis of the global Plug-in Hybrid Electric Bus landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plug-in Hybrid Electric Bus portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Plug-in Hybrid Electric Bus market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plug-in Hybrid Electric Bus and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plug-in Hybrid Electric Bus.

This report presents a comprehensive overview, market shares, and growth opportunities of Plug-in Hybrid Electric Bus market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Large Bus
Medium Bus
Light Bus

Segmentation by Application:
Commuting
Tourism
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Yutong Bus
BYD
King Long Motor Group
New Flyer
CRRC Electric Vehicle
Foton AUV
Solaris Bus & Coach
MAN
Farzion Auto
Zhongtong Bus
Volvo
Mercedes-Benz Group
Sunwin Bus
Skywell
Iveco Bus
Ankai Automobile
EBUSCO
VDL Bus & Coach

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plug-in Hybrid Electric Bus market?

What factors are driving Plug-in Hybrid Electric Bus market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plug-in Hybrid Electric Bus market opportunities vary by end market size?

How does Plug-in Hybrid Electric Bus break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.