Market overview
The global electric bus market is worth USD 25.7 bn in 2026 and is forecast to reach USD 55.5 bn by 2036, growing at a 8.0% CAGR. China is the largest country market and City transit buses is the largest by bus type segment.
| Scope | New battery and fuel cell electric buses and coaches for public transport and private operators, sold at retail value. |
|---|---|
| Industry | Automotive |
| Value 2025 | USD 24.5 bn |
| Value 2026 | USD 25.7 bn |
| Value 2036 | USD 55.5 bn |
| CAGR 2026-2036 | 8.0% |
| Volume 2026 | 115 thousand vehicles |
| Volume 2036 | 273 thousand vehicles |
| Average price 2026 | USD 224,600 per vehicle |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Electric Bus market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 25.7 bn |
| 2027 | USD 27.8 bn |
| 2028 | USD 30.0 bn |
| 2029 | USD 32.4 bn |
| 2030 | USD 35.0 bn |
| 2031 | USD 37.8 bn |
| 2032 | USD 40.8 bn |
| 2033 | USD 44.1 bn |
| 2034 | USD 47.6 bn |
| 2035 | USD 51.4 bn |
| 2036 | USD 55.5 bn |
Electric Bus market segmentation
By bus type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| City transit buses | 72.0% | 70.1% | USD 18.5 bn | 7.7% |
| Coaches | 10.0% | 10.7% | USD 2.6 bn | 8.7% |
| Minibuses and shuttles | 18.0% | 19.2% | USD 4.6 bn | 8.7% |
By propulsion
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Battery electric | 94.0% | 92.8% | USD 24.2 bn | 7.9% |
| Fuel cell electric | 4.0% | 5.9% | USD 1.0 bn | 12.4% |
| Trolley and hybrid electric | 2.0% | 1.3% | USD 514 mn | 3.3% |
By bus length
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 9 metres | 21.0% | 20.0% | USD 5.4 bn | 7.5% |
| 9 to 12 metres | 56.0% | 52.0% | USD 14.4 bn | 7.2% |
| Above 12 metres | 23.0% | 28.0% | USD 5.9 bn | 10.2% |
By battery chemistry
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lithium iron phosphate | 68.0% | 64.0% | USD 17.5 bn | 7.3% |
| Nickel manganese cobalt | 26.0% | 22.0% | USD 6.7 bn | 6.2% |
| Solid-state and other | 6.0% | 14.0% | USD 1.5 bn | 17.6% |
By charging method
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Depot plug-in | 71.0% | 63.0% | USD 18.3 bn | 6.7% |
| Opportunity pantograph | 19.0% | 24.0% | USD 4.9 bn | 10.6% |
| Battery swapping and other | 10.0% | 13.0% | USD 2.6 bn | 10.9% |
Top 25 countries for electric bus by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 87.0% of 2026 revenue and the 25 countries below together hold 95.3%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 14.4 bn | 56.0% | USD 22.4 bn | 4.5% |
| 2 | India | USD 1.3 bn | 5.0% | USD 13.2 bn | 26.2% |
| 3 | United States | USD 1.3 bn | 5.0% | USD 2.9 bn | 8.4% |
| 4 | Germany | USD 1.0 bn | 4.0% | USD 1.9 bn | 6.6% |
| 5 | United Kingdom | USD 1.0 bn | 4.0% | USD 1.9 bn | 6.6% |
| 6 | France | USD 772 mn | 3.0% | USD 1.7 bn | 8.3% |
| 7 | Poland | USD 772 mn | 3.0% | USD 1.7 bn | 8.3% |
| 8 | Netherlands | USD 643 mn | 2.5% | USD 1,000 mn | 4.5% |
| 9 | Italy | USD 643 mn | 2.5% | USD 1.4 bn | 8.4% |
| 10 | Chile | USD 514 mn | 2.0% | USD 944 mn | 6.3% |
| 11 | Spain | USD 432 mn | 1.7% | USD 744 mn | 5.6% |
| 12 | Sweden | USD 350 mn | 1.4% | USD 600 mn | 5.5% |
| 13 | Norway | USD 280 mn | 1.1% | USD 483 mn | 5.6% |
| 14 | Canada | USD 226 mn | 0.9% | USD 389 mn | 5.6% |
| 15 | Colombia | USD 183 mn | 0.7% | USD 400 mn | 8.2% |
| 16 | Brazil | USD 147 mn | 0.6% | USD 322 mn | 8.2% |
| 17 | Mexico | USD 118 mn | 0.5% | USD 261 mn | 8.2% |
| 18 | Japan | USD 95 mn | 0.4% | USD 167 mn | 5.8% |
| 19 | South Korea | USD 77 mn | 0.3% | USD 133 mn | 5.6% |
| 20 | Turkey | USD 62 mn | 0.2% | USD 133 mn | 8.0% |
| 21 | Denmark | USD 51 mn | 0.2% | USD 89 mn | 5.6% |
| 22 | Belgium | USD 41 mn | 0.2% | USD 72 mn | 5.8% |
| 23 | Switzerland | USD 33 mn | 0.1% | USD 56 mn | 5.2% |
| 24 | Australia | USD 26 mn | 0.1% | USD 56 mn | 8.0% |
| 25 | Singapore | USD 21 mn | 0.08% | USD 44 mn | 8.0% |
| Rest of world | USD 1.2 bn | 4.7% | USD 2.3 bn | 6.8% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- BYD
- Yutong
- King Long
- Zhongtong Bus
- Foton Motor
- Higer
Group 2: Regional and specialist players
- Solaris
- Volvo Buses
- Daimler Buses
- MAN Truck & Bus
- Irizar
- VDL Bus & Coach
- Karsan
- Otokar
- Alexander Dennis
- Scania
Group 3: Emerging and niche players
- New Flyer
- Ebusco
- Olectra Greentech
- Switch Mobility
- Wrightbus
- GreenPower Motor
- Blue Bird
- Gillig
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the electric bus market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 8.0% is calculated from the resulting values.
The market is divided by bus type, by propulsion, by bus length, by battery chemistry, by charging method. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the electric bus market?
The global electric bus market is estimated at USD 24.5 bn in 2025 and USD 25.7 bn in 2026.
How fast will the electric bus market grow?
It is forecast to reach USD 55.5 bn by 2036, a compound annual growth rate of 8.0% from 2026, an increase of USD 29.8 bn.
Which country is the largest market for electric bus?
China is the largest market by revenue at USD 14.4 bn in 2026, 56.0% of the global total. The three largest countries together hold 66.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 26.2% a year from 2026 to 2036.
Which electric bus segment is largest?
In the by bus type split, City transit buses is the largest segment with 72.0% of 2026 revenue.
Who are the leading electric bus companies?
Global leaders include BYD, Yutong, King Long, Zhongtong Bus.
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