North American electric bus market is estimated to grow at an exponential CAGR during the forecast period. The rising acceptance of the electric buses owing to the growing environmental concerns along with the available federal and private funding are the key factors to propel the growth of the electric buses market in North America. In 2018, the Foothill Transit ordered its first double decker electric bus based on drivetrain technology from Alexander Dennisto run on the streets of the Californian city. Further, 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 which in turn will drive the regional growth of the market.
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The key player of the market including Proterra Inc. and Daimler are looking at the electrification of school buses in North America. For this purpose, in 2018, both Proterra Inc. and Daimler have entered into an agreement to explore the electrification of select Daimler heavy-duty vehicles. Further, in June 2019, Proterra Inc. announced that the company has been selected as a vendor by the Virginia Department of General Services to supply zero-emission battery-electric buses and charging stations for its Statewide Contract. Thus, the presence of key market players is making considerable contribution towards the growth of the North American electric bus market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
North America Electric Bus Market Report Segments
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Lithium-ion
- NiMH
- Others
By End-User
- Government
- Fleet Owner
The Report Covers
- Comprehensive research methodology of the North American Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American Electric Bus market.
- Insights about market determinants which are stimulating the North American Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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