United States Electric Bus Market – Competitive Intelligence Report with Key Players and Strategies

The TechSci Research report, “United States Electric Bus Market – By Region Competition Forecast and Opportunities, 2018-2028F”, predicts that the United States Electric Bus Market will grow at a decent CAGR in the forecasted years. Millions of people rely on the American bus network, which transports those who cannot or do not want to drive and carries up to half of all American students to and from school every day. Electric buses that run on batteries can reduce the environmental and public health risks posed by diesel buses, while offering cities and school districts a reliable and affordable alternative. Electric buses are becoming a more attractive option for many transit agencies, because of the technological innovations in the industry and a sharp drop in battery prices in recent years. Transit agencies and school districts that are considering investing in electric buses need to be aware of what to expect and, more importantly, how to maximize their return on investment.

They improve the air quality in our cities by eliminating diesel exhaust emissions, particulate pollution, and pollutants that cause ground-level ozone to form. Compared to diesel, diesel hybrid, and natural gas-powered buses, electric buses emit much fewer greenhouse gases. Electric buses could replace all the nation’s diesel-powered transit vehicles, eliminating more than 2 million tons of greenhouse gas emissions annually. Electric buses can also provide economic benefits, such as significantly lower maintenance costs and, in places with favorable utility rate structures, reduced fuel costs. Electric buses can benefit society greatly by reducing air pollution, including avoiding health care costs caused by cleaner air. Compared to using a car, well-equipped buses are an efficient form of public transportation, because they are space, energy, and emissions efficient. This is true regardless of the type of powertrain (mechanisms for generating bus propulsion) used. For example, a diesel bus2 operating at 20% of its capacity emits about one-third less CO2 emissions per passenger kilometer than the equivalent number of private cars3 needed to carry the same number of passengers. The reduction in CO2 emissions increases to more than 90% when the bus is fully loaded. While diesel buses are more efficient than private cars, they still contribute significantly to GHG emissions, which could be greatly reduced by using electric buses.

This is the first reason to think about using electric buses instead of diesel buses. As a result, many national and regional governments around the world are looking for ways to cut GHG emissions from their public transport fleets by investing in alternative powertrains. The buses have performed better than their diesel counterparts in terms of fuel and maintenance costs, and they have exceeded expectations in terms of charging time, range, and battery life. Seneca sees its electric buses as an effective, scalable model for electrifying the entire fleet.

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Switching to electric buses over petrol or diesel buses has many advantages. To increase the sales of electric buses in the country, the mistakes made by the electric bus adopters should be corrected. This is to ensure that the introduction of electric buses has the maximum positive impact on the environment, human health, and the financial stability of transit agencies. Currently, there are 500 electric buses in the United States running on the road, and the sales of electric buses are expected to increase in the coming years. The United States Electric Bus Market is segmented based on seating capacity, battery type, application, bus length, and region. Based on seating capacity, the market is divided into up to 30-seater, 31–40-seater, and above 40. Based on battery type, the market is divided into lead acid and lithium ion. Based on application, the market is divided into intercity, intracity, and airport bus. Based on bus length, the market is segmented into 6-8m, 9-12m, and above 12m. The market is also divided by region into West region, Northeast region, Midwest region, and South region. Electric buses powered by both lead-acid and lithium-ion batteries are more energy-efficient than conventional diesel buses. Electric buses have lower operating costs, as they require less maintenance and have lower fuel costs. Improvements in both lead-acid and lithium-ion battery technologies have increased their energy density, lifespan, and charging speed. These improvements have addressed some of the initial challenges regarding the range, durability, and charging time of electric buses, making them more feasible and attractive to fleet operators.

Some of the players operating in the United States Electric Bus Market include:

• Proterra Inc.
• BYD Motors Inc.
• NFI Group Inc.
• AB Volvo
• Green Power Motor Company Inc.
• Gillig LLC
• Blue Bird Corporation
• Isuzu Motors Ltd
• Nova Bus Corporation
• MAN Truck & Bus AG

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“There are various advantages of electric buses such as electric buses emit less GHG and local pollutant emissions, they have reduced vibration which increase passenger comfort and lesser damage to surrounding infrastructure, electric motors produce less noise than ICEs, etc.  Seeing the demand, automotive manufacturers are shifting towards electric buses which are equipped with all the advanced technology and companies and launching new models of electric buses, to meet the demand in the country. Many automotive companies have increased their budget for the research & development department to increase the new product range in the electric buses, it will help them to increase their company’s presence in the market, fueling the United States Electric Bus Market." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“United States Electric Bus Market By Seating Capacity (Up to 30-Seater; 31-40 Seater; & Above 40), By Battery Type (Lead Acid & Lithium Ion), By Application (Intercity; Intracity; & Airport Bus), By Bus Length (6-8m; 9-12m; & Above 12m), By Region, Competition., has evaluated the future growth potential of United States 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 the United States Electric Bus Market.

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 United States Electric Bus Market

4.1.  Key Segments Impacted

4.2.  Key Regions Impacted

5. Voice of Customer Analysis

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Awareness

5.3.  Brand Satisfaction Level

5.4.  Challenges and Unmet Needs

6. United States Electric Bus Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value and Volume

6.2.  Market Share & Forecast

6.2.1.     By Seating Capacity Market Share Analysis (Up to 30-Seater; 31–40-Seater; & Above 40)

6.2.2.     By Battery Type Market Share Analysis (Lead Acid & Lithium Ion)

6.2.3.     By Application Market Share Analysis (Intercity; Intracity; & Airport Bus)

6.2.4.     By Bus Length Market Share Analysis (6-8m; 9-12m; & Above 12m) 

6.2.5.     By Regional Market Share Analysis

6.2.5.1.         West Market Share Analysis

6.2.5.2.         Northeast Market Share Analysis

6.2.5.3.         Midwest Market Share Analysis

6.2.5.4.         South Market Share Analysis

6.2.6.     By Company Market Share Analysis (2022)

6.3.  United States Electric Bus Market Mapping & Opportunity

6.3.1.     By Seating Capacity Market Mapping & Opportunity Assessment

6.3.2.     By Battery Type Market Mapping & Opportunity Assessment

6.3.3.     By Application Market Mapping & Opportunity Assessment

6.3.4.     By Bus Length Market Mapping & Opportunity Assessment

6.3.5.     By Demand Category Market Mapping & Opportunity Assessment

6.3.6.     By Regional Market Mapping & Opportunity Assessment

……………

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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