United States Electric Bus Market: Trends, Industry Growth, Share, Size and Forecast 2022 to 2027
The latest research study “United States Electric Bus Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the United States electric bus market is expected to exhibit a CAGR of XX% during 2022-2027.
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Industry Definition and Application:
An electric bus, also known as an e-bus, is a vehicle that operates on electric motors instead of the conventional internal combustion engine (ICE). It is usually powered by onboard electric motors driven by a battery set. It solely relies on electricity to operate, whereas a hybrid vehicle uses both an ICE and a battery. It can also be powered by an external energy source, such as a power grid. Since it has quiet operations, eco-friendly nature, low maintenance, and long-term cost-effectiveness, electric bus is gaining immense traction across the United States.
United States Electric Bus Market Trends and Drivers:
The United States electric bus market is primarily driven by the declining costs of lithium-ion (Li-ion) batteries, which are an essential component in electric buses. Moreover, there has been a rise in the adoption of electric buses due to the rising environmental concerns among environmental agencies and local governments. In line with this, the increasing emissions by urban vehicles and an enhanced focus on sustainable development are positively influencing market growth. Additionally, the rising federal funding for increasing the deployment of zero-emission buses with improved operational efficiency has catalyzed market growth. Besides this, the implementation of stringent regulations for emission control across the United States promoting zero-emission vehicles is another major growth-inducing factor. Furthermore, the widespread adoption of inductive charging technology and continual improvements in the electric bus charging infrastructure is contributing to the market growth. Other factors, including increasing oil prices in the country, the rising concerns about the depletion of fossil fuels, and inflating consumer disposable incomes, are also anticipated to drive the market further.
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Report Segmentation:
The report has been segmented the market into following categories:
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
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