United States Electric Bus Market Size, Industry Trends, Growth 2024-32

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 market share. The United States electric bus 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 type of bus powered entirely by electricity rather than traditional internal combustion engines that use diesel or gasoline. These buses utilize electric motors driven by energy stored in large battery packs. They are charged via charging stations and can also employ regenerative braking to recover energy during operation. Electric buses offer several benefits, including reduced greenhouse gas emissions, lower operating and maintenance costs, and decreased air and noise pollution. They are seen as a sustainable alternative to traditional buses, especially in urban areas where air quality and environmental impact are major concerns.

United States Electric Bus Market Trends and Drivers:

The growing awareness of environmental issues and stringent regulations aimed at reducing greenhouse gas emissions significantly drive the adoption of electric buses. Federal and state-level policies and incentives support the transition to cleaner transportation options, promoting electric bus deployment to improve urban air quality and combat climate change. Various government incentives, grants, and funding programs encourage the adoption of electric buses. The Federal Transit Administration (FTA) provides financial assistance to transit agencies for purchasing electric buses and related infrastructure, making it financially feasible for cities and states to invest in electric bus fleets. Improvements in battery technology, including increased energy density, longer lifespan, and reduced costs, make electric buses more practical and cost-effective. Enhanced battery performance extends the range and operational capabilities of electric buses, addressing range anxiety and operational limitations.

Electric buses offer lower operating and maintenance costs compared to traditional diesel buses. Savings on fuel, reduced maintenance needs due to fewer moving parts, and longer vehicle lifespans make electric buses economically attractive for transit agencies. The rise in urban populations heightens the need for efficient and sustainable public transportation. Electric buses contribute to quieter, cleaner urban environments, reducing noise pollution and improving public health by lowering emissions of harmful pollutants. Collaboration between the public and private sectors accelerates market growth. Partnerships between transit agencies, electric bus manufacturers, and technology providers facilitate the deployment and integration of electric bus fleets. Investments in charging infrastructure, smart grid technology, and energy management systems support the widespread adoption of electric buses. The development of fast-charging solutions and widespread charging networks ensures the operational viability of electric bus fleets, thus facilitating the market growth.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145