Europe Electric Bus Market to Grow with a CAGR of 14.72% through 2030
Rising investments in sustainable public transport, stringent emission
regulations, and advancements in battery technology are the factors driving the
market in the forecast period 2026–2030.
According to TechSci Research report, “Europe Electric Bus
Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Europe Electric Bus Market was valued at USD 2.12 Billion in 2024 and is
expected to reach USD 4.84 Billion by 2030 with a CAGR of 14.72% during the
forecast period.
The Europe electric bus market is rapidly evolving as urban centers
prioritize sustainable transport solutions to reduce air pollution and traffic
congestion. Rising fuel prices and tightening emissions regulations have
compelled public transportation authorities to adopt cleaner alternatives, with
electric buses gaining significant traction due to their zero tailpipe
emissions and lower noise levels. Advances in energy storage technologies have
improved battery lifespan and efficiency, enabling longer routes without
compromising performance. Public demand for greener cities and improved air
quality is driving transit agencies to replace older fleets, supported by
government incentives and funding mechanisms aimed at accelerating fleet
electrification.
Innovation in vehicle design and infrastructure is expanding market
potential. The deployment of fast-charging hubs and wireless charging
technologies facilitates quicker turnaround times and continuous operation,
addressing previous concerns about charging downtime. Integration of data
analytics and fleet management systems enhances operational efficiency,
enabling real-time monitoring of vehicle health, energy consumption, and route
optimization. Electrification efforts are complemented by investments in renewable
energy sources to power charging stations, aligning public transport with
decarbonization goals. The development of lightweight materials and improved
electric drivetrains further reduces energy consumption, making electric buses
more cost-effective and environmentally friendly.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Europe Electric Bus Market"
Europe Electric Bus Market Is
Segmented by Battery Type, Battery Capacity, Length, Seating Capacity,
Propulsion, and By Country.
In 2024, battery electric buses (BEVs) led growth in Europe’s electric bus market, driven by advances in battery technology that improved range, charging speed, and efficiency. Strong government policies, including subsidies and stricter emissions standards, along with expanding charging infrastructure, helped ease fleet transitions from diesel to electric. Rising public demand for cleaner transport and urban sustainability goals further boosted adoption. Technological improvements in battery management, modular designs, and energy recovery systems lowered costs and enhanced operational efficiency, making BEVs the preferred choice for many European transit authorities.
France stands out as the
fastest growing electric bus market in Europe during 2024, reflecting a
national commitment to sustainable urban mobility and emissions reduction. This
growth is supported by aggressive government policies that include grants and
subsidies specifically targeting electric bus procurement and charging
infrastructure development. The country’s strong focus on modernizing public
transport fleets in cities and metropolitan areas is aligned with its broader
climate goals. The expanding network of charging stations across key urban
centers and the promotion of zero-emission zones have increased operational
feasibility and attractiveness of electric buses. French transit agencies
benefit from financial support schemes that lower upfront investment barriers,
encouraging quicker fleet turnover from conventional to electric buses. Public
awareness and political will to tackle urban pollution contribute to higher
acceptance and demand for electric buses.
Major Market Players
Operating in Europe Electric Bus Market Are:
- Solaris Bus & Coach sp.
z o.o.
- IVECO S.p.A.
- MAN Truck & Bus SE
- Scania AB
- AB Volvo
- EvoBus GmbH (Setra)
- VDL Bus & Coach BV
- BYD Auto Co., Ltd.
- Alexander Dennis Limited
- Irizar Group
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Europe’s electric bus market is really picking up
speed, especially with battery electric buses leading the way. What’s exciting
is how quickly cities are moving away from diesel buses and investing in
cleaner, quieter options. With better batteries and more charging stations
popping up, it’s becoming easier for transit operators to switch. Plus, people
really care about cleaner air now, so there’s strong support for this change.
France is a great example, growing faster than any other country because of smart
policies and solid infrastructure. It’s clear electric buses are not just the
future—they’re happening right now, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
The report titled “Europe Electric Bus Market –
Size, Share, Trends, Opportunity, and Forecast, Segmented By Battery Type
(Lithium-ion, Nickel-metal hydride battery (NiMH), Others), By Battery Capacity
(Below 100 kWh, 100–200 kWh, 201–300 kWh, above 300 kWh), By Length (6-8m,
8-10m, 10-12m, Above 12m), By Seating Capacity (Up to 30, 31-40, 41-50, Above
50), By Propulsion (Battery Electric Bus, Plug-in Hybrid Electric Bus, Fuel
Cell Electric Bus), By Country, By Competition, 2020-2030F”, assesses the
market's future growth potential and provides data on market size, trends, and
forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Europe Electric
Bus Market.
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