United States Electric Bus Market Overview 2024-2032
The latest report by IMARC Group, titled “United States Electric Bus Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the United States electric bus market growth. The market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 12.9% during 2024-2032.
An electric bus is a battery-powered vehicle designed for public transportation, utilizing electric motors instead of traditional internal combustion engines. Additionally, these buses are equipped with large rechargeable batteries, which can be charged through grid electricity or renewable energy sources. Electric buses offer a cleaner, quieter, and more energy-efficient alternative to diesel-powered buses, reducing greenhouse gas emissions and air pollution. Moreover, they come in various sizes and configurations, suitable for urban, suburban, and long-distance routes. Currently, electric buses are gaining immense traction across the United States as they contribute to sustainable urban mobility and are increasingly adopted by cities worldwide.
United States Electric Bus Market Trends and Drivers:
The United States electric bus market is primarily driven by federal and state government policies promoting clean energy and emissions reduction, with substantial funding and incentives for electric bus procurement and infrastructure development. Additionally, the push for sustainable urban mobility is further bolstered by the introduction of stringent emissions regulations and the adoption of zero-emission vehicle mandates in several states. Moreover, technological advancements in battery technology have significantly improved the range, efficiency, and cost-effectiveness of electric buses, making them a viable alternative to traditional diesel buses. The development of fast-charging infrastructure and innovations in battery management systems have also enhanced the operational feasibility of electric bus fleets.
Along with this, the declining cost of batteries due to economies of scale and advancements in manufacturing processes has made electric buses more affordable for transit agencies. Similarly, environmental, and public health issues are also key factors driving the market. Electric buses produce zero tailpipe emissions, contributing to reduced air pollution and improved air quality in urban areas. This aligns with the growing public demand for greener and healthier transportation options. Additionally, the quiet operation of electric buses helps reduce noise pollution, enhancing the overall urban environment. Moreover, trends in the market include the increasing adoption of electric buses by school districts, driven by the dual benefits of reducing children's exposure to diesel exhaust and lowering operating costs. Furthermore, public-private partnerships and collaborations between transit agencies and technology providers are also emerging, facilitating the deployment of electric bus fleets. The integration of advanced telematics and fleet management solutions is fueling market growth, optimizing route planning, energy consumption, and maintenance schedules.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-electric-bus-market/requestsample
United States Electric Bus Market 2024-2032 Analysis and Segmentation:
The report segmented the market on the basis of region, propulsion type, battery type, length, range and battery capacity.
Breakup by Propulsion Type:
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
Breakup by Battery Type:
- Lithium-ion Battery
- Nickel-Metal Hydride Battery (NiMH)
- Others
Breakup by Length:
- Less than 9 Meters
- 9-14 Meters
- Above 14 Meters
Breakup by Range:
- Less than 200 Miles
- More than 200 Miles
Breakup by Battery Capacity:
- Up to 400 kWh
- Above 400 kWh
Breakup by Region:
- Northeast
- Midwest
- South
- West
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024- 2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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