US Electric Bus Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The US electric bus market is estimated to grow at a considerable CAGR during the forecast period. The availability of government and private funding for the deployment of electric buses in the country is among the key factors to drive the growth of the electric bus market in the US. The US Federal Transit Administration (FTA) had offered several grants for the purchase of electric buses. For instance, in 2019, the Low or No Emission Grant program awarded grants of nearly $85 million to over 50 state and local governments to promote the adoption of electric buses. According to the Environmental Protection Agency data (EPA), in June 2019, the transportation sector was the largest contributor to greenhouse gas emissions in the US, responsible for nearly 30% of total emissions across the country. The rising adoption of electric buses can result in the elimination of greenhouse gases, therefore the rising concerns related to the environment are further promoting the adoption of electric buses, which in turn, is promoting its market growth.

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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries. Based on the end-user, the market is sub-segmented into government and fleet-owner. 

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US Electric Bus Market Segmentation

By Bus Type

·         Hybrid Electric Bus

·         Fuel Cell Electric Bus

·         Battery  Electric Bus

By Battery Type

·         Lithium-ion batteries

·         NiMH Batteries

·         Others

By End-User

·         Government

·         Fleet Owner

Company Profiles

·         Blue Bird Corp.

·         BYD co. Ltd.

·         COBUS Industries GmbH

·         Cummins Inc

·         ElDorado National California Inc

·         GILLIG LLC

·         GreenPower Motor Company Inc.

·         NFI Group Inc.

·         Proterra Inc.

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