Electric Bus Market is estimated to register a CAGR of 20.2% from 2021-2028.
                     Electric Bus Market Global Analysis 
and Forecast to 2028
Electric Bus 
Market
 
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Report Studies
Electric Bus Market Forecast to 2028 - COVID-19 Impact and Global Analysis By 
Vehicle Type (Battery Electric Bus, Hybrid electric Bus, Plug-in Hybrid Electric Bus); 
Hybrid Powertrain (Series Parallel Hybrid, Parallel Hybrid, Series Hybrid); Battery 
(Lithium iron phosphate (LFP), Lithium Nickel Manganese Cobalt Oxide (NMC)); End 
User (Public, Private) and Geography
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Electric Bus Market 
Overview
 The electric bus market was valued at US$ 29,179.51 million in 2021 and is expected to 
reach US$ 105,808.15 million by 2028; it is estimated to register a CAGR of 20.2% from 
2021-2028.
 An electric powertrain is combined with fuel cell systems, controlled technology, and 
batteries to power hydrogen fuel cell buses. These buses are considered next-generation 
green transportation because their lifespan is far longer than a typical electric bus. The 
hydrogen fuel cell bus can refuel quickly and has many routes. With such benefits, the 
demand for hydrogen fuel cell buses is skyrocketing. For instance, over a thousand hydrogen 
buses will be launched throughout Europe during the next few years. 
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Key Segment Market
Segment By Type:-
  Battery Electric Bus, 
 Hybrid electric Bus, 
 Plug-in Hybrid Electric Bus
 Geography
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Here
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$50,000
Air Cargo
$40,000
Market Value
$30,000
CAGR of  20.2%
$20,000
(2021 - 2028)
$10,000
$0
20XX 20XX 20XX 20XX 20XX
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Company Profiles
 King Long United Automotive Industry Co., Ltd.
 AB Volvo
 Shenzhen Wuzhoulong Motors Co., Ltd.
 BYD Company Limited
 Daimler AG
 Alexander Dennis Limited
 EBUSCO
 Proterra Inc.
 Solaris Bus & Coach S.A.
 NFI Group Inc.
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e
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By Geography
 North America (the US, Canada, and Mexico)
 Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe)
 Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific)
 Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & 
Africa)
 South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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