Asia-Pacific Electric Bus Market Segmented By Propulsion Type (HEV, BEV & PHEV), By Range (Up to 150 Miles, 151-250 Miles, and Above 250 Miles), By Battery Capacity (Up to 100 kWh, 100 kWh - 200 kWh, 201 kWh to 300 kWh & Above 300 kWh), By Application (Intracity, Intercity & Others), By Bus Length (Up to 8m, 8.1-10m, 10.1-12m & Above 12m), By Seating Capacity (Up to 30 Seats, 31-40 Seats & Above 40 Seats), By Country, Competition, Forecast & Opportunities, 2019-2029

Industry : Automotive
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 43.1 Billion
CAGR (2024-2029)	10.26%
Fastest Growing Segment	BEV
Largest Market	China

Market Overview

Asia-Pacific Electric Bus Market was valued at USD 43.1 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.26%. The Asia Pacific electric bus market is currently in the growth stage and it has been influenced by several factors such as government support, development in the technology and the growing trend in urbanization. Many governments of the region’s countries are introducing different policies and subsidies to encourage to use electric vehicles especially buses to address the issue of urban pollution and to achieve the goals set within the framework of the Paris climate agreement. For example, China has recently continued its subsidies on New Energy Vehicle (NEV), which makes it cheaper for the bus operators. Likewise, India’s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme offers significant rebates to the public transportation entities. These government initiatives are essential in the procurement and use of electric buses, which have now become the order of the day in many countries’ public transport networks.

Advancements in battery technology is one of the growth factors in the Asia-Pacific electric bus market because of the improvements in battery technology, battery chemistries like lithium-ion as well as solid state batteries, have led to extended ranges, faster charging, and generally improved electric buses performance. Japan and South Korea are the leaders in such development; the fast-charging infrastructure and battery swapping solve such issues as range anxiety and time spent on charging. Such advancements in technology are enhancing the chances of electric buses to be used in the public transport system, thereby increasing the growth of the market.

Some of the other factors that are boosting the electric bus market in the Asia-Pacific region include, urbanization and environmental issues. Population growth and expansion of cities is resulting in high levels of traffic jam and pollution, thus to address this modern societies are looking for environmentally friendly means of transport. The use of electricity as energy source to power the buses is environmentally friendly in that it has minimal effects on the environment hence it is a comprehensive part of green urban mobility strategies. New trends in large metropolitan areas like the implementation of low emission zones and strict emission standards are extending the adoption of electric buses. Strategic alliances with the governments and private organizations are also contributing to the growth of environment friendly public transport systems, thus influencing the market growth.

Nevertheless, several issues have to be solved to advance the Asia-Pacific electric bus market which has several drivers for its growth. The higher initial costs are still a problem, especially when it comes to electric buses. The cost of electric buses as well as the required charging infrastructure is high, which may pose challenges for transit authorities to acquire them in emerging markets. Also, the availability and installation of sufficient charging stations are insufficient, especially in the rural and suburban regions in various countries.

Key Market Drivers

Government Initiatives and Incentives

To the Asia-Pacific electric bus market, government policies and incentives are the two most important forces that can boost the market. In 2023 and 2024, many countries in the region sustained in improving policies to increase the usage of EVs especially electric buses in a bid to decrease urban pollution and meet carbon goals. For instance, China has also continued to subsidize New Energy Vehicles (NEV), which heavily cut the initial costs for transit authorities and bus operators. India has also extended its FAME scheme for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles to provide reasonable subsidies to the agencies of public transportation. The features such as governmental incentives have given the boost to procurement and deployment of electric buses for evolving the market.

Technological Advancements in Battery Technology

New innovations in battery systems have played a significant role in the development of the APAC electric bus market. Thus, starting from 2023 to 2024, there is a trend of batteries with better energy density and higher capacity including lithium-ion and solid-state batteries. They have led to increased driving range, reduced charging times and generally better performance of electric buses. For instance, range anxiety and operation downtime have been solved through the development of fast charging and battery swapping which are well implemented in Japan and South Korean to support electric buses as an option in supporting public transport systems.

Urbanization and Environmental Concerns

The desire for efficient use of energy and concern for rising land use is prompting Asia-Pacific cities to seek for better means of transport. Due to the growing concern of citizens on the impact of air pollution on human health, authorities and urban planners are focusing on the adoption of electric buses. New measures in 2023 and 2024 include low emission zones and heavily increased emission standards in big cities such as Beijing, Mumbai and Jakarta which has been instrumental in driving the adoption of electric buses. It is also carried forward by public-private collaborations in promoting environmentally friendly urban mobility in the form of public transport.

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Key Market Challenges

High Initial Costs

The main problem of electric buses is that they are expensive to procure them due to the high initial investment even with government support. The adoption of electric buses for procurement in addition to the corresponding recharging equipment is a capital-intensive process. Some emerging economies’ transit authorities, for example, Vietnam and Indonesia, have failed to secure the funding required in 2023 and 2024. However, there is a still a financial hurdle in the type of cost of advanced battery technologies which is reducing gradually. There are attempts to reduce these costs through the public-private partnerships and international funding but programs to minimize the impact of the costs on local governments and operators are yet to be fully implemented.

Infrastructure Development

Another challenge that has been observed to hinder the widespread use of electric buses in the Asia-Pacific region is inadequate charging infrastructure. Most nations do not have the proper framework to accommodate numerous electric buses. For example, rural and suburban regions of the countries like India and Thailand have a great problem in the setting up of charging infrastructure. In 2023 and 2024 different measures have been started to solve this problem, including construction of the fast-charging stations and grids. But, progress in the infrastructure has not advanced in the same manner as the electrification of bus transportation, which affects productivity and reduces the range of movement.

Supply Chain Disruptions

Geopolitical tensions along with trade restrictions of electric buses are the major concerns for supply chain disruptions of Asia-Pacific electric bus market. Delays in some crucial components like batteries and semiconductor chips, were experienced in 2023 and 2024 in the region. South Korea and Japan, which are dependent on imported raw materials have observed slow production which has further slowed the availability of electric buses on the roads. Also, the market is critically dependent on suppliers for some of the key components; this has exposed it to supply risks that have called for diversification as well as localized production.

Key Market Trends

Expanding Electric Bus Fleets

Increasing Adoption of Autonomous Electric Buses

The shift toward electric autonomous buses is on the rise in the Asia-Pacific region. Between 2023 and 2024, some pilot projects and trials have been initiated in countries such as China and Japan to incorporate autonomous driving into electric buses. These measures will help to increase the productivity, decrease the number of mistakes, and minimize expenses. The electric buses without drivers and with the use of various sensors and artificial intelligence technologies are being piloted on campuses and even on special bus-only lanes, although their deployment on ordinary city streets is expected in the near future.

Public-Private Partnerships

As for the case of electric buses, PPPs are emerging as key actors in the procurement and implementation of electric buses across the Asia-Pacific. In 2023 and 2024, new partnerships were launched; government agencies, private companies, and financial institutions to advance the electric bus market. These partnerships are mainly in the area of investment in infrastructure, research and development and large scale procurement of electric buses. For instance, partnerships between public transport organizations and private producers are enhancing the development of elaborate charging infrastructure and service centers, which in turn is driving market growth.

Focus on Energy Storage Solutions

Energy storage solutions with electric bus operations is one of the key trends in the Asia-Pacific market. Electric bus in 2023 and 2024 has a trend of using renewable energy sources and energy storage systems for electric bus. Australia for instance is investing into solar-charging stations and battery storage systems to establish fully renewable charging stations. Not only do these energy storage solutions decrease the reliance on the grid but also increase the availability and performance of electric buses, which is a key strategy towards achieving zero-emission public transport.

Segmental Insights

Application Type Insights

The Asia-Pacific electric bus market is categorized into, transit buses, school buses, and others, and all the segments have different growth factors impacting the market.

The Asia-Pacific region’s electric bus market is controlled by transit buses because of the area’s well-developed public transport system and growing governmental attempts to implement electric-powered technologies. This growth is mainly due to the increased concern on reducing greenhouse gas emissions as a way of addressing climate change. Transit buses are preferred for their capability to transport numerous people at a single time, thus benefiting growing cities that need efficient and environmentally friendly transport systems. The changes toward electric transit buses are appropriate with the general trend of improving the quality of the air and living in cities. Governments across the region are supporting this transition with subsidies and polices that encourage the use of electric buses. These include financing of programmes and schemes for the procurement of electric buses by PTAs and other relevant incentives to support electric bus operations and associated charging infrastructure. Although electric transit buses are expensive to purchase than conventional buses, the long-term cost of operation and maintenance makes electric transit buses financially sustainable thus promoting their use.

The market for the school bus segment is also anticipated to expand due to the growing consciousness of educational establishments and parents about climate change and protection of children from hazardous conditions. The use of electric school buses is another blessing in disguise since schools gain an opportunity to support the campaign for a clean environment besides reaping the benefits of using electric cars. The governments are supporting this segment with specific policies and providing subsidies and grants to promote e-school buses. Such actions are intended to make transport for students safer and more environmentally friendly, in general terms.

The ‘others’ category that encompasses both coach buses and shuttle buses is gradually transitioning to electric buses. Due to the increased awareness of the environmental implications, this trend which has been established will have long-term cost-saving effect. While the adoption in these segments for now is not so high as in transit and school buses, the tendency to be environment-friendly and supportive legislation is a good predictor for further development. The major issues and concerns regarding electric buses and its adoption across different segments are being mitigated by technological improvements in the electric bus production and battery systems used for buses.

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Regional Insights

China is currently leading in the use of electric buses due to sound government policies and adequate investment in the sector. The government’s focus on decreasing carbon emission and enhancing the quality of air in the urban centers by using electric buses is prevalent in the major cities. Improving Charging infrastructure and the constant breakthroughs in battery technology have also contributed to this process. The year 2023 and 2024 has seen China incorporating renewable energy with electric bus services so as to improve on the sustainability of the public transport. The incentives in the form of subsidies and mandates provided by governments have ensured that electric buses find ways to enter urban and suburban markets.

Electric bus market in India is quickly expanding, especially due to the FAME scheme for the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles. The concentration on the reduction of pollution within urban areas and the improvement of public transportation has encouraged the purchase of electric buses within the large cities. The market is progressing due to increased efforts to build charging infrastructure and start pilot projects in different states. In 2023 and 2024 the combined action of state governments and private companies has been instrumental in the deployment of electric buses and charging infrastructure development. Nevertheless, it possible to mention the problems associated with infrastructure and high values of initial investments in India’s market, which, however, can really develop in time to meet the changing policies and technologies.

Japan’s electric bus market is characterized by the application of advanced technologies and high productivity. The country has devoted a lot of capital in fast charging and battery systems to enable the electric buses to run in the cities effectively. In 2023 and 2024, Japan has moved a step forward in the application of autonomous driving system in combination with electric bus, improving the operating performance and minimization of human factors. Public transport organisations are also using private sector options to take electric buses to the next level where there is high population density in cities and growing air pollution and traffic related issues..

Recent Developments

New generation of electric buses was launched by BYD in China in 2023 packed with new battery technologies as well as improved power density. These new models signified improvements in the areas of driving range as well as regenerative brake and charging system that are suitable for transit fleet that operate in the urban city. Besides, this kind of development also let BYD to enhance its battery production for buses which met the fast-growing market require in Asia-Pacific region.
In 2023, the electric school bus model by Nissan, has been launched in Japan. The new form of transport has less risks for the students, friendly on the environment and has more security measures. This new launch equally presents Nissan the opportunity to capture the electric school bus market, thus, aligning it to offer environmentally friendly transport solutions and will have battery life which will last longer.
In India, JBM Auto kick started the new year by unveiling their new model of electric bus called Ecolife in the early part of the year 2023. This bus is modern for where it has a better battery system, better design for intercity and urban routes. electric bus also received governmental approval under India ‘s FAME II the scheme promoting electric vehicles.

Key Market Players

BYD Motors, Inc
Tata Motors Ltd
Zhongtong Bus Holding Co., Ltd.
Xiamen King Long United Automotive Industry Co., Ltd
AB Volvo
Anhui Ankai Automobile Co., Ltd
Ashok Leyland Limited
Scania CV AB
YUTONG Bus Co., Ltd
Proterra Inc.

By Application	By Propulsion Type	By Seating Capacity	By Bus Length	By Range	By Battery Capacity	By Country
Intracity Intercity Others	HEV BEV PHEV	Up to 30 Seats 31-40 Seats Above 40 Seats	Up to 8 m 8 m to 10 m 10 m – 12 m Above 12 m	Up to 150 Miles 151-250 Miles Above 250 Miles	Up to 100 kWh 100 kWh - 200 kWh 201 kWh to 300 kWh Above 300 kWh	China India Japan Indonesia Thailand South Korea Australia Vietnam Malaysia Bangladesh

Report Scope:

In this report, the Asia-Pacific Electric Bus Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electric Bus Market, By Application:

o Intracity

o Intercity

o Others

Electric Bus Market, By Propulsion Type:

o HEV

o BEV

o PHEV

Electric Bus Market, By Seating Capacity:

o Up to 30 seats

o 31-50 seats

o More than 50 seats

Electric Bus Market, By Bus Length:

o Up to 8 m

o 8 m to 10 m

o 10 m – 12 m

o Above 12 m

Electric Bus Market, By Range:

o Up to 150 Miles

o 151-250 Miles

o Above 250 Miles

Electric Bus Market, By Battery Capacity:

o Up to 100 kWh

o 100 kWh - 200 kWh

o 201 kWh to 300 kWh

o Above 300 kWh

Electric Bus Market, By Country:

o China

o India

o Japan

o Indonesia

o Thailand

o South Korea

o Australia

o Vietnam

o Malaysia

o Bangladesh

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Electric Bus Market.

Available Customizations:

Asia-Pacific Electric Bus Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Asia-Pacific Electric Bus Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Asia-Pacific Electric Bus Market

5. Voice of Customer Analysis

5.1. Brand Awareness

5.2. Brand Satisfaction

5.3. Factors Affecting Purchase Decision

6. Asia-Pacific Electric Bus Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Application Market Share Analysis (Intracity, Intercity & Others)

6.2.2. By Bus Length Market Share Analysis (Up to 8m, 8.1-10m, 10.1-12m & Above 12m)

6.2.3. By Seating Capacity Market Share Analysis (Up to 30 Seats, 31-40 Seats & Above 40 Seats)

6.2.4. By Propulsion Type Market Share Analysis (HEV, BEV & PHEV)

6.2.5. By Range Market Share Analysis (Up to 150 Miles, 151-250 Miles, and Above 250 Miles)

6.2.6. By Battery Capacity Market Share Analysis (Up to 100 kWh, 100 kWh - 200 kWh, 201 kWh to 300 kWh & Above 300 kWh)

6.2.7. By Country Market Share Analysis

6.2.7.1. China Market Share Analysis

6.2.7.2. India Market Share Analysis

6.2.7.3. Japan Market Share Analysis

6.2.7.4. Indonesia Market Share Analysis

6.2.7.5. Thailand Market Share Analysis

6.2.7.6. South Korea Market Share Analysis

6.2.7.7. Australia Market Share Analysis

6.2.7.8. Vietnam Market Share Analysis

6.2.7.9. Malaysia Market Share Analysis

6.2.7.10. Bangladesh Market Share Analysis

6.2.7.11. Rest of Asia Market Share Analysis

6.2.8. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

6.3. Asia-Pacific Electric Bus Market Mapping & Opportunity Assessment

6.3.1. By Application Market Mapping & Opportunity Assessment

6.3.2. By Bus Length Market Mapping & Opportunity Assessment

6.3.3. By Seating Capacity Market Mapping & Opportunity Assessment

6.3.4. By Propulsion Type Market Mapping & Opportunity Assessment

6.3.5. By Range Market Mapping & Opportunity Assessment

6.3.6. By Battery Capacity Market Mapping & Opportunity Assessment

6.3.7. By Country Market Mapping & Opportunity Assessment

7. China Electric Bus Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Application Market Share Analysis

7.2.2. By Bus Length Market Share Analysis

7.2.3. By Seating Capacity Market Share Analysis

7.2.4. By Propulsion Type Market Share Analysis

7.2.5. By Range Market Share Analysis

7.2.6. By Battery Capacity Market Share Analysis

8. India Electric Bus Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Application Market Share Analysis

8.2.2. By Bus Length Market Share Analysis

8.2.3. By Seating Capacity Market Share Analysis

8.2.4. By Propulsion Type Market Share Analysis

8.2.5. By Range Market Share Analysis

8.2.6. By Battery Capacity Market Share Analysis

9. Japan Electric Bus Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Application Market Share Analysis

9.2.2. By Bus Length Market Share Analysis

9.2.3. By Seating Capacity Market Share Analysis

9.2.4. By Propulsion Type Market Share Analysis

9.2.5. By Range Market Share Analysis

9.2.6. By Battery Capacity Market Share Analysis

10. Indonesia Electric Bus Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Application Market Share Analysis

10.2.2. By Bus Length Market Share Analysis

10.2.3. By Seating Capacity Market Share Analysis

10.2.4. By Propulsion Type Market Share Analysis

10.2.5. By Range Market Share Analysis

10.2.6. By Battery Capacity Market Share Analysis

11. Thailand Electric Bus Market Outlook

11.1. Market Size & Forecast

11.1.1. By Volume & Value

11.2. Market Share & Forecast

11.2.1. By Application Market Share Analysis

11.2.2. By Bus Length Market Share Analysis

11.2.3. By Seating Capacity Market Share Analysis

11.2.4. By Propulsion Type Market Share Analysis

11.2.5. By Range Market Share Analysis

11.2.6. By Battery Capacity Market Share Analysis

12. South Korea Electric Bus Market Outlook

12.1. Market Size & Forecast

12.1.1. By Volume & Value

12.2. Market Share & Forecast

12.2.1. By Application Market Share Analysis

12.2.2. By Bus Length Market Share Analysis

12.2.3. By Seating Capacity Market Share Analysis

12.2.4. By Propulsion Type Market Share Analysis

12.2.5. By Range Market Share Analysis

12.2.6. By Battery Capacity Market Share Analysis

13. Australia Electric Bus Market Outlook

13.1. Market Size & Forecast

13.1.1. By Volume & Value

13.2. Market Share & Forecast

13.2.1. By Application Market Share Analysis

13.2.2. By Bus Length Market Share Analysis

13.2.3. By Seating Capacity Market Share Analysis

13.2.4. By Propulsion Type Market Share Analysis

13.2.5. By Range Market Share Analysis

13.2.6. By Battery Capacity Market Share Analysis

14. Vietnam Electric Bus Market Outlook

14.1. Market Size & Forecast

14.1.1. By Volume & Value

14.2. Market Share & Forecast

14.2.1. By Application Market Share Analysis

14.2.2. By Bus Length Market Share Analysis

14.2.3. By Seating Capacity Market Share Analysis

14.2.4. By Propulsion Type Market Share Analysis

14.2.5. By Range Market Share Analysis

14.2.6. By Battery Capacity Market Share Analysis

15. Malaysia Electric Bus Market Outlook

15.1. Market Size & Forecast

15.1.1. By Volume & Value

15.2. Market Share & Forecast

15.2.1. By Application Market Share Analysis

15.2.2. By Bus Length Market Share Analysis

15.2.3. By Seating Capacity Market Share Analysis

15.2.4. By Propulsion Type Market Share Analysis

15.2.5. By Range Market Share Analysis

15.2.6. By Battery Capacity Market Share Analysis

16. Bangladesh Electric Bus Market Outlook

16.1. Market Size & Forecast

16.1.1. By Volume & Value

16.2. Market Share & Forecast

16.2.1. By Application Market Share Analysis

16.2.2. By Bus Length Market Share Analysis

16.2.3. By Seating Capacity Market Share Analysis

16.2.4. By Propulsion Type Market Share Analysis

16.2.5. By Range Market Share Analysis

16.2.6. By Battery Capacity Market Share Analysis

17. SWOT Analysis

17.1. Strength

17.2. Weakness

17.3. Opportunities

17.4. Threats

18. Market Dynamics

18.1. Market Drivers

18.2. Market Challenges

19. Market Trends and Developments

20. Competitive Landscape

20.1. Company Profiles (Up to 10 Major Companies)

20.1.1. BYD Motors, Inc

20.1.1.1. Company Details

20.1.1.2. Key Product Offered

20.1.1.3. Recent Developments

20.1.1.4. Key Management Personnel

20.1.2. Tata Motors Ltd

20.1.2.1. Company Details

20.1.2.2. Key Product Offered

20.1.2.3. Recent Developments

20.1.2.4. Key Management Personnel

20.1.3. Zhongtong Bus Holding Co., Ltd.

20.1.3.1. Company Details

20.1.3.2. Key Product Offered

20.1.3.3. Recent Developments

20.1.3.4. Key Management Personnel

20.1.4. Xiamen King Long United Automotive Industry Co., Ltd

20.1.4.1. Company Details

20.1.4.2. Key Product Offered

20.1.4.3. Recent Developments

20.1.4.4. Key Management Personnel

20.1.5. AB Volvo

20.1.5.1. Company Details

20.1.5.2. Key Product Offered

20.1.5.3. Recent Developments

20.1.5.4. Key Management Personnel

20.1.6. Anhui Ankai Automobile Co., Ltd

20.1.6.1. Company Details

20.1.6.2. Key Product Offered

20.1.6.3. Recent Developments

20.1.6.4. Key Management Personnel

20.1.7. Ashok Leyland Limited

20.1.7.1. Company Details

20.1.7.2. Key Product Offered

20.1.7.3. Recent Developments

20.1.7.4. Key Management Personnel

20.1.8. Scania CV AB

20.1.8.1. Company Details

20.1.8.2. Key Product Offered

20.1.8.3. Recent Developments

20.1.8.4. Key Management Personnel

20.1.9. YUTONG Bus Co., Ltd

20.1.9.1. Company Details

20.1.9.2. Key Product Offered

20.1.9.3. Recent Developments

20.1.9.4. Key Management Personnel

20.1.10. Proterra Inc.

20.1.10.1. Company Details

20.1.10.2. Key Product Offered

20.1.10.3. Recent Developments

20.1.10.4. Key Management Personnel

21. Strategic Recommendations

21.1. Key Focus Areas

21.1.1. Target Countries

21.1.2. Target By Application

21.1.3. Target By Propulsion Type

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Asia-Pacific Electric Bus Market in 2023?

The market size of the Asia-Pacific Electric Bus Market was estimated to be USD 43.1 Billion in 2023.

Which was the fastest growing segment in terms of propulsion type in the Asia-Pacific Electric Bus Market in 2023?

In 2023, the fastest growing segment in terms of propulsion type in the Asia-Pacific Electric Bus Market was the Battery Electric Vehicle (BEV) segment. This dominance can be attributed to significant advancements in battery technology, government initiatives for electric vehicles, and the increasing awareness about environmental sustainability.

Which is the dominant country in the Asia-Pacific Electric Bus Market?

In the Asia-Pacific region, China dominated the Electric Bus Market. This dominance is due to the country's advanced technology, strong government support for electric vehicles, and the aim to reduce carbon emissions.

What are the major drivers for the Asia-Pacific Electric Bus Market?

The major drivers for the Asia-Pacific Electric Bus Market are growing environmental concerns and government initiatives to reduce air pollution and promote sustainable urban transportation solutions.

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Press Release

Electric Bus Market to Grow with a CAGR of 10.26% in Asia-Pacific through to 2029

Jul, 2024

Growing environmental concerns and government initiatives to reduce air pollution and promote sustainable urban transportation solutions are the factors driving the market in the forecast period 2025