United States Electric Bus Market Research and Forecast Report 2024 - 2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group I n t e r n a t i o n a l Ma r k e t A n a l ys i s R e s e a r c h a n d C o n s u l t i n g G r o u p i s a l e a d i n g a d vi s e r o n ma n a g e me n t s t r a t e g y a n d ma r k e t r e s e a r c h wo r l d wi d e We p a r t n e r wi t h c l i e n t s i n a l l r e g i o n s a n d i n d u s t r y ve r t i c a l s t o i d en t i f y t h e i r h i g h e s t - va l u e o p p o r t u n i t i e s , a d d r e ss t h e i r mo s t c ri t i c a l c h a l l e n g e s , a n d t r a n s f o r m t h e i r b u s i n e s s e s I M A R C’s i n f o r ma t i o n p r o d u c ts i n c l u d e ma j o r ma r k e t , s c i e n t i f i c , e c o n o m i c a n d t e c h no l o g i c a l d e ve l o p me n t s f o r b u s i n e s s l e a d e r s i n p h a r ma c e u t i ca l , i n d u s t r i a l , a n d h i g h te c h n o l o g y o r g a n i z a t i o n s Ma r k e t f o r e c a s t s a n d i n d u s t ry a n a l ys i s f o r b i o t e c h n o l o g y, a d va n c e d ma t e r i a l s , c h e m i c a l s , f o o d a n d b e ve r a g e , t r a ve l a n d t o u ri s m, n a n o t e c h no l o g y a n d n o ve l p r o c e s s i n g me t h o d s a r e a t t h e t o p o f t h e c o m p a n y’s e xp e r t i s e I M A R C’s t a i l o r e d a p p r o a c h co m b i n e s u n f a t h o m a b l e i n s i g h t i n t o t h e d yn a m i c s o f c o mp a n i e s a n d ma r k e t s wi t h c l o s e c o o p e r a t i o n a t a l l l e ve l s o f t h e c l i e n t o r g a n i z a t i o n Th i s e n s u r e s t h a t o u r c l i e n t s ac h i e ve unmat c ha b l e c o m p e t i t i ve a d va n t a g e , b u i l d mor e pr of i c i ent o r g a n i z a t i o n s , a n d s ec ur e las t i ng r e s u l t s Report Highlight and Description A c c o r d i n g t o t h e l a t e s t r e p o r t b y I M A R C G r o u p , t i t l e d " U n i t e d S t a t e s E l e c t r i c B u s M a r k e t : I n d u s t r y Tr e n d s , S h a r e , S i z e , G r o w t h , O p p o r t u n i t y a n d F o r e c a s t 2 0 2 4 - 2 0 3 2 , " t h e U n i t e d S t a t e s e l e c t r i c b u s m a r k e t s i z e r e a c h e d U S $ 1 9 B i l l i o n i n 2 0 2 3 A n e l e c t r i c b u s , a l s o k n o w n a s a n e - b u s , r e f e r s t o a v e h i c l e o p e r a t i n g u s i n g e l e c t r i c m o t o r s i n s t e a d o f t h e c o n v e n t i o n a l i n t e r n a l c o m b u s t i o n e n g i n e ( I C E ) I t i s u s u a l l y d r i v e n b y o n b o a r d e l e c t r i c m o t o r s t h a t r e c e i v e p o w e r f r o m a s e t o f b a t t e r i e s I t c a n a l s o f u n c t i o n t h r o u g h a n e x t e r n a l e n e r g y s o u r c e , i n c l u d i n g a p o w e r g r i d I n r e c e n t y e a r s , e l e c t r i c b u s e s h a v e g a i n e d m o m e n t u m i n t h e U n i t e d S t a t e s d u e t o t h e i r e c o - f r i e n d l y n a t u r e , q u i e t o p e r a t i o n s , l o w t o z e r o e m i s s i o n s , m i n i m a l m a i n t e n a n c e , a n d l o n g - t e r m c o s t - e f f e c t i v e n e s s R e q u e s t f o r a P D F s a m p l e o f t h i s r e p o r t : h t t p s : / / w w w i m a r c g r o u p c o m / u n i t e d - s t a t e s - e l e c t r i c - b u s - m a r k e t / r e q u e s t s a m p l e Report Description U n i t e d S t a t e s E l e c t r i c B u s M a r k e t Tr e n d s : O n e o f t h e p r i m a r y f a c t o r s d r i v i n g t h e m a r k e t i s t h e l o w e r i n g c o s t s o f l i t h i u m - i o n ( L i - i o n ) b a t t e r i e s , w h i c h a r e a v i t a l p a r t o f e l e c t r i c b u s e s A d d i t i o n a l l y, t h e r i s i n g e n v i r o n m e n t a l c o n s c i o u s n e s s a m o n g t h e m a s s e s a n d t h e g r o w i n g c o n c e r n s a b o u t t h e a d v e r s e e f f e c t s o f a i r p o l l u t i o n o n h u m a n h e a l t h a r e r e s u l t i n g i n t h e n e e d f o r e l e c t r i f i e d t r a n s i t s y s t e m s a n d e c o - f r i e n d l y a l t e r n a t i v e s s u c h a s e l e c t r i c b u s e s O t h e r t h a n t h i s , t h e i m p l e m e n t a t i o n o f s t r i n g e n t e m i s s i o n c o n t r o l r e g u l a t i o n s a c r o s s t h e c o u n t r y t o p r o m o t e z e r o - e m i s s i o n v e h i c l e s i s c r e a t i n g a p o s i t i v e m a r k e t o u t l o o k B e s i d e s t h i s , t h e s i g n i f i c a n t a d o p t i o n o f i n d u c t i v e c h a r g i n g t e c h n o l o g y a n d t h e c o n s t a n t d e v e l o p m e n t s i n e l e c t r i c b u s c h a r g i n g t e c h n o l o g y a r e a c c e l e r a t i n g t h e p r o d u c t d e m a n d O t h e r g r o w t h - i n d u c i n g f a c t o r s i n c l u d e i n c r e a s i n g o i l p r i c e s i n t h e c o u n t r y, g r o w i n g c o n c e r n s o v e r t h e d e l e t i o n o f f o s s i l f u e l s , a n d e x p a n d i n g d i s p o s a b l e i n c o m e l e v e l s o f t h e m a s s e s V i e w R e p o r t T O C , F i g u r e s a n d Ta b l e s : h t t p s : / / w w w i m a r c g r o u p c o m / u n i t e d - s t a t e s - e l e c t r i c - b u s - m a r k e t Report Segmentation B r e a ku p b y P r o p u l s i o n Ty p e : • B a tte r y E l e c t r i c Ve h i c l e ( B E V ) • F u e l C e l l E l e c t r i c Ve h i c l e ( F C E V ) • P l u g - i n H y b r i d E l e c t r i c Ve h i c l e ( P H E V ) B r e a ku p b y B a tte r y Ty p e : • L i t h i u m - i o n B a tte r y • N i c ke l - M e t a l H y d r i d e B a tte r y ( N i M H ) • O t h e rs B r e a ku p b y L e n gt h : • L e s s t h a n 9 M e te rs • 9 - 1 4 M e te r s • A b o v e 1 4 M e te rs Report Segmentation B r e a ku p b y R a n ge : • L e s s t h a n 2 0 0 M i l e s • M o r e t h a n 2 0 0 M i l e s B r e a ku p b y B a tte r y C a p a c i t y : • U p to 4 0 0 k W h • A b o v e 4 0 0 k W h B r e a ku p b y Re g i o n : • N o r t h e a s t • M i d we s t • S o u t h • We st Key Questions Answered in the Report How has the United States electric bus market performed so far and how will it perform in the coming years? What has been the impact of COVID - 19 on the United States electric bus market? What are the key regional markets? What is the breakup of the market based on the propulsion type? What is the breakup of the market based on the battery type? What is the breakup of the market based on the length? What is the breakup of the market based on the range? Key Questions Answered in the Report What is the breakup of the market based on the battery capacity? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the United States electric bus market and who are the key players? What is the degree of competition in the industry? Table of Contents 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w 4 . 2 K e y I n d u s t r y T r e n d s 5 U n i t e d S t a t e s E l e c t r i c B u s M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y P r o p u l s i o n T y p e 6 . 1 B a t t e r y E l e c t r i c V e h i c l e ( B E V ) 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 F u e l C e l l E l e c t r i c V e h i c l e ( F C E V ) 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 6 . 3 P l u g - i n H y b r i d E l e c t r i c V e h i c l e ( P H E V ) 6 . 3 . 1 M a r k e t T r e n d s 6 . 3 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y B a t t e r y T y p e Table of Contents 7 . 1 L i t h i u m - i o n B a t t e r y 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 N i c k e l - M e t a l H y d r i d e B a t t e r y ( N i M H ) 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 7 . 3 O t h e r s 7 . 3 . 1 M a r k e t T r e n d s 7 . 3 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y L e n g t h 8 . 1 L e s s t h a n 9 M e t e r s 8 . 1 . 1 M a r k e t T r e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 9 - 1 4 M e t e r s 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 8 . 3 A b o v e 1 4 M e t e r s 8 . 3 . 1 M a r k e t T r e n d s 8 . 3 . 2 M a r k e t F o r e c a s t 9 M a r k e t B r e a k u p b y R a n g e 9 . 1 L e s s t h a n 2 0 0 M i l e s 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t 9 . 2 M o r e t h a n 2 0 0 M i l e s 9 . 2 . 1 M a r k e t T r e n d s 9 . 2 . 2 M a r k e t F o r e c a s t 1 0 M a r k e t B r e a k u p b y B a t t e r y C a p a c i t y 1 0 . 1 U p t o 4 0 0 k W h 1 0 . 1 . 1 M a r k e t T r e n d s 1 0 . 1 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : h t t p s : / / w w w . i m a r c g r o u p . c o m / u n i t e d - s t a t e s - e l e c t r i c - b u s - m a r k e t / t o c Disclaimer © 2 0 2 3 I M AR C Al l R i g h t s R e s e r v e d T h i s P u b l i c a t i o n a n d a l l i t ’ s c o n t e n t s u n l e s s o t h e r w i s e m e n t i o n e d a r e c o p y r i g h t e d i n t h e n a m e o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g ( I M A R C ) N o p a r t o f t h i s p u b l i c a t i o n m a y b e r e p r o d u c e d , r e p a c k a g e d , r e d i s t r i b u t e d o r r e s o l d i n w h o l e o r i n a n y p a r t T h e p u b l i c a t i o n m a y a l s o n o t b e u s e d i n a n y f o r m o r b y a n d m e a n s g r a p h i c e l e c t r o n i c o r m e c h a n i c a l , i n c l u d i n g p h o t o c o p y i n g , r e c o r d i n g , t a p i n g o r b y i n f o r m a t i o n s t o r a g e o r r e t r i e v a l , o r b y a n y o t h e r f o r m , w i t h o u t t h e e x p r e s s c o n s e n t o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g ( I M A R C ) D i s c l a i m e r : A l l c o n t e n t s a n d d a t a o f t h i s p u b l i c a t i o n , i n c l u d i n g f o r e c a s t s , d a t a a n a l y s i s a n d o p i n i o n h a v e b e e n b a s e d o n i n f o r m a t i o n a n d s o u r c e s b e l i e v e d t o b e a c c u r a t e a n d r e l i a b l e a t t h e t i m e o f p u b l i s h i n g I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g m a k e s n o r e p r e s e n t a t i o n o f w a r r a n t y o f a n y k i n d a s t o t h e a c c u r a c y o r c o m p l e t e n e s s o f a n y I n f o r m a t i o n p r o v i d e d I M A R C a c c e p t s n o l i a b i l i t y w h a t s o e v e r f o r a n y l o s s o r d a m a g e r e s u l t i n g f r o m o p i n i o n , e r r o r s o r i n a c c u r a c i e s i f a n y f o u n d t h i s p u b l i c a t i o n I M A R C , I M A R C G r o u p a n d G l o b a l T h e r a p y I n s i g h t S e r i e s a r e r e g i s t e r e d t r a d e m a r k s o f I n t e r n a t i o n a l M a r k e t A n a l y s i s R e s e a r c h a n d C o n s u l t i n g A l l o t h e r t r a d e m a r k s u s e d i n t h i s p u b l i c a t i o n a r e r e g i s t e r e d t r a d e m a r k s o f t h e i r r e s p e c t i v e c o m p a n i e s Contact Us Visit us at : https://www.imarcgroup.com TELEPHONE: +1 - 631 - 791 - 1145 E - MAIL: sales@imarcgroup.com