Electric Bus Market to Exhibit 16.0% CAGR during 2021-2028; Alexander Dennis Limited (ADL) and BYD to Deliver U.K.'s Biggest E-bus Order

The global electric bus market size is projected to grow from 192 thousand units in 2021 to 544 thousand units in 2028. The urgent need to lower the dependence on petroleum fuels is compelling people to shift rapidly toward these type of buses. These are also lightweight, more productive, and have much smaller moving parts, unlike conventional buses. Fortune Business Insights™ published this information in a study titled, “Electric Bus Market Size, Share & COVID-19 Impact Analysis, By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle), By Range (Less than 200 Miles and More than 200 Miles), By Battery Capacity (Up to 400 kWh and Above 400 kWh), and Regional Forecast, 2021-2028.” The market stood at 170 thousand units in 2020. It is set to exhibit a CAGR of 16.0% during the forecast period in 2021-2028.

Weakening Usage of Public Transportation to Hamper Growth amid COVID-19 Pandemic

The automotive industry was unfavorably influenced owing to the outbreak of the COVID-19 pandemic across the world. Manufacturing and transportation actions were concluded provisionally to avoid the spread of the novel coronavirus. This has led to a lessening demand for electric buses as government organizations implemented travel prohibitions. Moreover, people are experiencing fear regarding the usage of public transportation amid the pandemic.

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https://www.fortunebusinessinsights.com/electric-bus-market-102021

BYD U.K. and Alexander Dennis Limited Collaborate to Further Progress of Electric Buses

BYD U.K. and Alexander Dennis Limited conjointly affirmed that their electric vehicle collaboration to supply the U.K.'s biggest ever electric bus order. The order has been confirmed by RATP Dev London, who is one of Transport for London’s leading bus operators, for an aggregate of 195 single and double deck automobiles.

BYD is a global frontrunner in batteries, energy management and electric mobility. ADL is a subsidiary of foremost autonomous global bus producer NFI Group Inc.

Strict Government Release Guidelines to Fuel Electric Bus Market Growth

As specified by the World Health Organization (WHO), a substantial cause for fatalities has been air contamination. Meanwhile, vehicular discharge influences general welfare and the environment is likely to be navigated by a harmful impact on the environment. Governments around the globe are strongly putting resources into infrastructural progressions to weaken ozone-depleting materials and poorer air pollution intensities.

Mergers among Companies to Reinforce Their Brand Values in Global Market

Important players in the market are incessantly opting for operative tactics to endorse their products and establish their positions in the market. One such approach is to launch novel products by teaming up with other companies to expand their reach to end-users.

List of Players Covered in this Market Report:

• BYD Co., Ltd (Shenzen, China)


• Proterra, Inc. (Burlingame, California, U.S.)


• AB Volvo (Gothenburg, Sweden)


• New Flyer Industries (Winnipeg, Canada)


• Daimler AG (Stuttgart, Germany)


• Scania AB (Södertälje, Sweden)


• Iveco (Turin, Italy)


• Yutong (Zhengzhou, China)


• Ebusco (Deurne, Netherlands)


• Xiamen King Long United Automotive Industry Co., Ltd. (Fujian, China)


• VDL Groep bv (Eindhoven, Netherlands)

Industry Development

• June 2021: Alexander Dennis Limited (ADL) and BYD will deliver the U.K.'s biggest-ever e-bus order. RATP Dev London has sited the order, one of Transport for London (TfL)'s primary fleet operators, for 195 double and single deck vehicles in total.

Further Report Findings

• Asia Pacific held the maximum market share and was valued at 167 thousand units in 2020. China is leading the regional market and also globally on account of having the biggest market in terms of quantity.


• Based on type, the market is segmented into fuel cell electric vehicles, plug-in hybrid electric vehicles, and battery-electric vehicles. The battery-electric vehicles segment dominated the market with a share of 91.4% in 2020.

Table of Segmentation