Global Electric Bus Market, By Vehicle Payload (Uplifts) (Light-Duty Vehicle, Medium Duty Vehicle, Heavy t-Duty Vehicle) By Chassis (1-2,3-4,5-6,7-8), By Base Chassis (Rail, Skateboard, Monocoque, Others), By Propulsion, By Vehicle Type, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027
Global Electric Bus Market
Global Electric Bus was valued at US$ 18,682.00 Mn in 2021, estimated to reach US$ 87,923.00 Mn in 2027, with a CAGR of 26.01% from 2022-2027.
Electric bus is also known as E-bus that does not have traditional ICE engine for its propulsion. This bus is driven by an on-board electric motor which receives the power from on-board batteries or set of batteries. These buses are considered as eco-friendly as they do not produce any pollutants are also economical as compared to traditional gasoline/diesel buses.
Market Drivers
Rising Demand for Energy-saving and Emission-free Mass Transit Solutions expected to boost the growth of global electric bus market over the forecast period. One of the main sources of global greenhouse gas (GHG) emissions is the transportation industry. The transport industry is one of the biggest contributors to urban and regional air pollution, and the United Nations Environment Program (UNEP) estimates that it accounts for about one-fourth of all energy-related greenhouse gas (GHG) emissions.
The government is initiating a number of measures to increase the use of e-buses worldwide. To expand the usage of electric vehicles, such as scooters, buses, bikes, and trucks, the Indian government has introduced the FAME II scheme. In the upcoming years, the adoption of electric buses will modernize public transit globally by enhancing air quality, lowering noise levels, and boosting fuel efficiency.
Furthermore, Rapid Growth for Hydrogen Fuel Cell Buses will Drive the Market. The electric powertrain is combined with fuel systems, managed technologies, and batteries to power hydrogen fuel cell buses. Due to their longer lifespan than typical e-buses, these buses are taken into consideration. The hydrogen fuel cell bus offers flexible routing options and fast refueling. With these features, there is a tremendous increase in demand for hydrogen fuel cell buses which in turn raises demand for electric buses.
Market Restraints
Currently, electric buses have low battery capacities, lengthy charging times, and restricted range per charge. Performance and cost of the electric buses are directly impacted by the battery's efficiency and lifespan. Lead-acid, nickel-cadmium, nickel-metal hydride, lithium-ion, and supercapacitor batteries are currently utilized to power electric buses. 
Lead-acid, nickel-cadmium, and nickel-metal hydride batteries are gradually being replaced with lithium-ion batteries in electric buses due to their longer battery life. As a result, because large loads require more power to provide maximum torque, lithium-ion batteries' capacity is insufficient to power commercial vehicles like electric buses. It is challenging for batteries to deliver their full power in cold regions due to a large drop in charging and discharging performance.
Market segmentation
The Global Electric Bus Market is segmented into vehicle payload (Uplifts) such as Light-Duty Vehicle: less than (<) 10,000 lbs (Class 1: <6,000 lbs, Class 2: 6,001 – 10,000 lbs), Medium-Duty Vehicle: 10,001 – 26,000 lbs (Class 3: 10,001 – 14,000 lbs, Class 4: 14,001 – 16,000 lbs, Class 5: 16,001 – 19,500 lbs, Class 6: 19,501 – 26,000 lbs) Heavy-Duty Vehicle: greater than (>) 26,000 lbs (Class 7: 26,001 – 33,000 lbs, Class 8: >33,000 lbs).
By Chassis market is segmented into 1-2,3-4,5-6,7-8. By base chassis, market is segmented into Rail, Skateboard, Monocoque, Others. By propulsion, market is segmented into BEV, PHEV, FCEV. By vehicle type, market is segmented into Bus, Work Truck, Service Bus, Shuttles, Vans, Others.
Regional Analysis
The Global Electric Bus Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific held the largest revenue share of 34.76% in 2021. The growth can be attributed to the increase in demand for eco-friendly transport and the presence of countries such as China, India, and Japan. China is a major player in the market and home to leading manufacturing companies. Europe is anticipated to expand at a significant CAGR of 26.11% in terms of revenue over the forecast period due to the favorable policies of the government and the growing efforts in controlling vehicle emissions.
Key Players
King Long United Automotive Industry Co., Ltd., BYD Company Limited, Shenzhen Wuzhoulong Motors Co., Ltd., Daimler AG, AB Volvo, Alexander Dennis Limited, EBUSCO, Proterra Inc, Solaris Bus & Coach S.A., NFI Group Inc., VIA, Bollinger, B-ON, Rivian, Xpeng Motors, NIO, WM Motors, Nikola Motors, Lucid Motors, Ola Electric,etc.
Market Taxonomy
By Vehicle Payload (Uplifts)
•        Light-Duty Vehicle: less than (<) 10,000 lbs
?           Class 1: <6,000 lbs
?           Class 2: 6,001 – 10,000 lbs
•        ii.  Medium-Duty Vehicle: 10,001 – 26,000 lbs.
?           Class 3: 10,001 – 14,000 lbs
?           Class 4: 14,001 – 16,000 lbs
?           Class 5: 16,001 – 19,500 lbs
?           Class 6: 19,501 – 26,000 lbs
•        Heavy-Duty Vehicle: greater than (>) 26,000 lbs.
?           Class 7: 26,001 – 33,000 lbs
?           Class 8: >33,000 lbs
By Chassis
•        1-2
•        3-4
•        5-6
•        7-8
By Base Chassis
•        Rail
•        Skateboard
•        Monocoque
•        Others
By Propulsion
•        BEV
•        PHEV
•        FCEV    
By Vehicle Type
•        Bus
•        Work Truck
•        Service Bus
•        Shuttles
•        Vans
•        Others
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Electric Bus Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electric Bus Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electric Bus Market, By Vehicle Payload (Uplifts)
5.1 Y-o-Y Growth Comparison, By Vehicle Payload (Uplifts) 
5.2 Global Electric Bus Market Share Analysis, By Vehicle Payload (Uplifts) 
5.3 Global Electric Bus Market Size and Forecast, By Vehicle Payload (Uplifts)
5.3.1 Light-Duty Vehicle: less than (<) 10,000 lbs
•        Class 1: <6,000 lbs
•        Class 2: 6,001 – 10,000 lbs
5.3.2.  Medium-Duty Vehicle: 10,001 – 26,000 lbs.
•        Class 3: 10,001 – 14,000 lbs
•        Class 4: 14,001 – 16,000 lbs
•        Class 5: 16,001 – 19,500 lbs
•        Class 6: 19,501 – 26,000 lbs
5.3.3. Heavy-Duty Vehicle: greater than (>) 26,000 lbs.
•        Class 7: 26,001 – 33,000 lbs
•        Class 8: >33,000 lbs
6 Global Electric Bus Market, By Chassis
6.1 Y-o-Y Growth Comparison, By Chassis
6.2 Global Electric Bus Market Share Analysis, By Chassis
6.3 Global Electric Bus Market Size and Forecast, By Chassis
6.3.1. 1-2
6.3.2. 3-4
6.3.3. 5-6
6.3.4. 7-8
7 Global Electric Bus Market, By Base Chassis
7.1 Y-o-Y Growth Comparison, By Base Chassis
7.2 Global Electric Bus Market Share Analysis, By Base Chassis
7.3 Global Electric Bus Market Size and Forecast, By Base Chassis
7.3.1 Rail
7.3.2. Skateboard
7.3.3. Monocoque
7.3.4. Others
8 Global Electric Bus Market, By Propulsion
8.1 Y-o-Y Growth Comparison, By Propulsion
8.2 Global Electric Bus Market Share Analysis, By Propulsion
8.3 Global Electric Bus Market Size and Forecast, By Propulsion
8.3.1. BEV
8.3.2 PHEV
8.3.3. FCEV
9 Global Electric Bus Market, By Vehicle Type
9.1 Y-o-Y Growth Comparison, By Vehicle Type
892 Global Electric Bus Market Share Analysis, By Vehicle Type
9.3 Global Electric Bus Market Size and Forecast, By Vehicle Type
9.3.1. Bus
9.3.2. Work Truck
9.3.3. Service Bus
9.3.4. Shuttles
9.3.5. Vans
9.3.6. Others
10 Global Electric Bus Market, By Region
10.1 Global Electric Bus Market Share Analysis, By Region
10.2 Global Electric Bus Market Share Analysis, By Region
10.3 Global Electric Bus Market Size and Forecast, By Region
11 North America Electric Bus Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 North America Electric Bus Product Market Share Analysis, By Vehicle Payload (Uplifts)
11.3 North America Electric Bus Product Market Size and Forecast, By Chassis
11.4 North America Electric Bus Product Market Size and Forecast, By Base Chassis
11.5 North America Electric Bus Product Market Size and Forecast, By Propulsion
11.5 North America Electric Bus Product Market Size and Forecast, By Vehicle Type
11.6 North America Electric Bus Product Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2 Canada
11.6.3 Mexico
12 Europe Electric Bus Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Europe Electric Bus Product Market Share Analysis, By Vehicle Payload (Uplifts) 
12.3 Europe Electric Bus Product Market Size and Forecast, By Chassis 
12.4 Europe Electric Bus Product Market Size and Forecast, By Base Chassis
12.5 Europe Electric Bus Product Market Size and Forecast, By Propulsion
12.6 Europe Electric Bus Product Market Size and Forecast, By Vehicle Type
12.7.  Europe Electric Bus Product Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Electric Bus Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Asia Pacific Electric Bus Product Market Share Analysis, By Vehicle Payload (Uplifts) 
13.3 Asia Pacific Electric Bus Product Market Size and Forecast, By Chassis  
13.4 Asia Pacific Electric Bus Product Market Size and Forecast, By Base Chassis
13.5 Asia Pacific Electric Bus Product Market Size and Forecast, By Propulsion
13.6 Asia Pacific Electric Bus Product Market Size and Forecast, By Vehicle Type
13.7 Asia Pacific Electric Bus Product Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Electric Bus Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Latin America Electric Bus Product Market Share Analysis, By Vehicle Payload (Uplifts) 
14.3 Latin America Electric Bus Product Market Size and Forecast, By Chassis 
14.4 Latin America Electric Bus Product Market Size and Forecast, By Base Chassis
14.5 Latin America Electric Bus Product Market Size and Forecast, By Propulsion
14.6 Latin America Electric Bus Product Market Size and Forecast, By Vehicle Type
14.7 Latin America Electric Bus Product Market Size and Forecast, By Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Electric Bus Market Analysis and Forecast (2022 – 2027)
15.1 Introduction
15.2 Middle East Electric Bus Product Market Share Analysis, By Vehicle Payload (Uplifts) 
15.3 Middle East Electric Bus Product Market Size and Forecast, By Chassis 
15.4 Middle East Electric Bus Product Market Size and Forecast, By Base Chassis
15.5 Middle East Electric Bus Product Market Size and Forecast, By Propulsion
15.6 Middle East Electric Bus Product Market Size and Forecast, By Vehicle Type
15.7 Middle East Electric Bus Product Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4 Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 King Long United Automotive Industry Co., Ltd
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 BYD Company Limited
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Shenzhen Wuzhoulong Motors Co., Ltd
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Daimler AG
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 AB Volvo
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Alexander Dennis Limited
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 EBUSCO
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies        
17.8 Proterra Inc
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies        
17.9 Solaris Bus & Coach S.A
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies        
17.10 NFI Group Inc
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies        
List of other Companies
17.11 VIA
17.12 Bollinger
17.13 B-ON
17.14. Rivian
17.15 Xpeng Motors
17.16 NIO
17.17 WM Motors
17.18 Nikola Motors
17.19 Lucid Motors
17.20 Ola Electric