Electric Bus Market to Grow with a CAGR of 10.26% in Asia-Pacific through to 2030

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 2026-2030.

According TechSci Research report, “Asia-Pacific Electric Bus Market: Industry Size, Share, Trends, Competition Forecast & Opportunities 2030”, the Asia-Pacific Electric Bus Market stood at USD 43.1 billion in 2024 and is anticipated to grow with a CAGR of 10.26% in the forecast period, 2026-2030

The Asia Pacific is still in the process of transition to sustainable transportation systems which include  electric buses. Owing to the considerations of space this executive overview concentrates on the assessment of market driving forces namely, governmental campaigns, technologies and urbanization. Thus, assessing these factors, it is possible to indicate the position of the development of the electric bus market in this rather heterogenous and evolving area. The policy level support shows that governments and regulatory agencies equally have provided substantial boost to the turnover of electric bus as follows. In the light of emissions reduction and tackle on air pollution, governments across the region are coming up with policies for the use of electric cars including electric buses.

Policies include fiscal measures such as subsidies, tax credits, and grant funding, and legal instruments for mandating the electrification of public transport’s fleet of vehicles. The same as with electric cars, China, India and South Korea are among the most active countries that promote the use of electric buses with clear and concrete objectives which correlate with their environmental and energy strategies. The technological aspect is also anticipated to advance more in the future; thus, it is expected to boost the electric bus market at a faster pace. Improvements in lighting of battery, electric propulsion system and charging technology have enabled electric buses to perform better, go longer distances and are cheaper as compared to other conventional electric vehicles. This is on account of improvements on batteries, the lithium-ion types offering longer range as compared to the previous ones and can be recharged much faster.

Browse over market data Figures spread through XX Pages and an in-depth TOC on "Asia-Pacific Electric Bus Market” 

Asia-Pacific Electric Bus Market is segmented by Propulsion Type, Range, Battery Capacity, Application, Bus Length, Seating Capacity and Country

In the Asia-Pacific electric bus market, Battery Electric Vehicles (BEVs) emerged as the fastest-growing segment in 2024, driven by strong government incentives, falling battery costs, and the rapid expansion of charging infrastructure, particularly in China, which leads global adoption. Hybrid Electric Vehicles (HEVs) remain relevant in regions transitioning from diesel to cleaner technologies, offering a balance of lower emissions and cost efficiency. Plug-in Hybrid Electric Vehicles (PHEVs) continue to serve niche markets where charging infrastructure is limited but emission reduction is still a priority. The combined push for zero-emission transport, rising urbanization, and government-led public fleet electrification programs ensures strong growth across all propulsion types, with BEVs capturing the highest adoption momentum in the regionIn India, the electric bus market is rapidly expanding, driven by the FAME-II scheme, state-level subsidies, and public transport modernization projects. BEVs are the primary choice for intracity routes due to their operational cost advantage, while HEVs and PHEVs see limited adoption. Increasing charging network deployment and fleet electrification mandates in major cities like Delhi and Mumbai are accelerating adoption.

South Korea recorded the fastest growth in the Asia-Pacific electric bus market in 2024, driven by advanced technology adoption and government support for sustainable urban mobility. The country has heavily invested in fast-charging networks, high-efficiency battery systems, and smart fleet management to enhance operational performance. South Korea’s rapid urbanization, rising air pollution concerns, and focus on reducing fossil fuel dependence have accelerated electric bus adoption across cities. Public transport authorities are increasingly collaborating with private companies to expand the electric bus network, making South Korea the fastest-growing market in the region while setting a benchmark for technology-driven sustainable mobility solutions.

Major companies operating in Asia-Pacific Electric Bus Market are:

• 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.
 

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“The Asia-Pacific Electric Bus Market is on the cusp of a significant transformation, driven by a combination of factors. Rapid urbanization and growing environmental concerns have elevated the demand for sustainable and efficient public transportation. Governments and regulatory bodies are offering incentives and setting ambitious electrification targets, propelling the adoption of electric buses. Technological advancements, including improvements in battery efficiency and charging infrastructure, have made electric buses more practical and reliable. As public awareness of environmental issues grows, electric buses are becoming a preferred choice, aligning with the region's push for greener transportation. The Asia-Pacific Electric Bus Market represents a promising and eco-conscious future for public transit.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Asia-Pacific Electric Bus Market 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), Competition, Forecast & Opportunities, 2020-2030”, has evaluated the future growth potential of Asia-Pacific Electric Bus Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia-Pacific Electric Bus Market. 

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