U.S. Electric Bus Market Size Worth USD 6.1 Billion by 2033| CAGR 12.40%

United States Electric Bus Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 12.40% (2025-2033)

Market Size in 2023: USD 2.2 Billion

Market Forecast in 2032: USD 6.1 Billion

The United States electric bus market is driven by the growing need for sustainable and energy-efficient public transportation solutions. According to the latest report by IMARC Group, the market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.1 Billion by 2033, exhibiting a growth rate (CAGR) of 12.40% during 2025-2033.

Rising concerns over greenhouse gas emissions and air pollution have led to strict government regulations aimed at reducing the carbon footprint of the transportation sector. Federal and state incentives, such as subsidies and tax credits, have further encouraged transit agencies to invest in electric buses, making them a cost-effective alternative to traditional diesel-powered vehicles. Additionally, advancements in battery technology have significantly improved the range and efficiency of electric buses, addressing previous concerns about their viability for long routes. The increasing adoption of smart charging infrastructure and integration of renewable energy sources into the grid have further strengthened the case for electric buses, ensuring a more sustainable and reliable public transportation system.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-electric-bus-market/requestsample

United States Electric Bus Industry Trends and Drivers:

Another key factor propelling the electric bus market in the U.S. is the rising focus on reducing operational costs for transit agencies. Electric buses have lower maintenance requirements and fuel costs compared to conventional diesel buses, leading to long-term financial benefits despite higher initial investments. The growing presence of domestic and international manufacturers has also created a competitive market, driving technological advancements and cost reductions. Furthermore, increasing urbanization and population growth have intensified the demand for efficient and eco-friendly mass transit solutions, pushing cities to modernize their public transportation fleets. Initiatives promoting electrification in school and municipal bus fleets have gained momentum, as electric buses offer quieter operation and improved air quality for students and city residents. With continued policy support, technological progress, and growing environmental awareness, the transition to electric buses in the U.S. is expected to accelerate, shaping a cleaner and more sustainable urban mobility landscape. The U.S. electric bus market growth is further fueled by increasing investments in infrastructure and the development of charging networks. Cities and transit agencies are actively working to enhance charging station availability, ensuring seamless operations for electric bus fleets. The introduction of fast-charging technology has reduced downtime, allowing buses to operate more efficiently without significant disruptions to schedules.

United States Electric Bus Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Propulsion Type:

• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Breakup by Battery Type:

• Lithium-ion Battery
• Nickel-Metal Hydride Battery (NiMH)
• Others

Breakup by Length:

• Less than 9 Meters
• 9-14 Meters
• Above 14 Meters

Breakup by Range:

• Less than 200 Miles
• More than 200 Miles

Breakup by Battery Capacity:

• Up to 400 kWh
• Above 400 kWh

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6239&flag=C

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145