North American Electric Bus Market Growth, Size, Share and Forecast 2019-2025

North American electric bus market is estimated to grow at an exponential CAGR during the forecast period. The rising acceptance of the electric buses owing to the growing environmental concerns along with the available federal and private funding are the key factors to propel the growth of the electric buses market in North America. In 2018, the Foothill Transit ordered its first double decker electric bus based on drive train technology from Alexander Dennis to run on the streets of the Californian city. Further, in 2019, the Low or No Emission Grant program awarded grants of nearly $85 million to over 50 state and local governments to promote the adoption of electric buses which in turn will drive the regional growth of the market.

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The market is segmented on the basis of bus type, battery type, end-user, and country. Based on bus type, the market is sub-segmented into hybrid electric bus, fuel cell electric bus, and battery electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on end-user, the market is sub-segmented into government and fleet owner. The government is anticipated to hold considerable share based on end-user owing to its active involvement in purchase of electric buses to reduce the level of greenhouse gases. Based on the country, the market is segmented into the US and Canada.

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The key player of the market including Proterra Inc. and Daimler are looking at the electrification of school buses in North America. For this purpose, in 2018, both Proterra Inc. and Daimler have entered into an agreement to explore the electrification of select Daimler heavy-duty vehicles. Further, in June 2019, Proterra Inc. announced that the company has been selected as a vendor by the Virginia Department of General Services to supply zero-emission battery-electric buses and charging stations for its Statewide Contract. Thus, the presence of key market players is making considerable contribution towards the growth of the North American electric bus market.

North American Electric Bus Market- Segmentation

by Bus Type

• Hybrid Electric Bus
• Fuel Cell Electric Bus
• Battery  Electric Bus

by Battery Type

• Lithium-ion batteries
• NiMH Batteries
• Others

by End-User

• Government
• Fleet Owner

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North American Electric Bus Market – Segment by Region

• US
• Canada

Company Profiles

• Alexander Dennis Limited
• Blue Bird Corp.
• BYD co. Ltd.
• COBUS Industries GmbH
• Cummins Inc
• Daimler AG
• ElDorado National California Inc
• GILLIG LLC
• GreenPower Motor Company Inc.
• New Flyer Industries Canada ULC
• NFI Group Inc.
• Proterra Inc.

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