Global Electric Bus Market, Forecast 2021 – 2030

The global electric bus market size was worth around USD 51.89 billion in 2024 and is predicted to grow to around USD 193.61 billion by 2035 with a compound annual growth rate (CAGR) of 12.72% from 2025 to 2035. The environmental concerns, government incentives, the need for stricter emissions standards, urbanization, advances in technology, reduced operating expenses, increasing fuel prices, awareness of public health, and increased investment in smart city infrastructure and green public transportation solutions are estimated to drive the electric bus market during the forecast period.