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Projected electric bus global market size 2020-2027

Published by Statista Research Department, May 11, 2023
By 2027, the electric bus market is projected to amount to approximately 53 billion U.S. dollars. This represents a compound annual growth rate of around 9.5 percent across seven years, up from some 28 billion U.S. dollars in 2020. This growth is in part generated by the shift towards emission regulations from national governments.

Projection for the electric bus market size worldwide between 2020 and 2027 (in billion U.S. dollars)

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Sources

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Release date

February 2021

Region

Worldwide

Survey time period

2020

Supplementary notes

An exponential development of the values between 2020 and 2027 was assumed to estimate the annual values. The values for 2020 and 2027 were provided by the source.

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