Europe Plug-in Hybrid Electric Bus Market was valued at USD 1.6 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 12.5% from 2024 to 2030.
The European market for plug-in hybrid electric buses (PHEBs) is experiencing significant growth, driven by the continent's commitment to reducing carbon emissions and promoting sustainable public transportation. This surge is influenced by various factors, including stringent emission regulations, technological advancements, and evolving industry requirements.
Market Overview
In 2024, the European PHEB market is projected to reach a revenue of approximately $79 billion, with expectations to grow at a compound annual growth rate (CAGR) of 12.29% from 2024 to 2029, culminating in a market volume of $141.1 billion by 2029. Unit sales are anticipated to hit 2.07 million vehicles by 2029. Norway, the United Kingdom, the Netherlands, and France are leading adopters, each implementing policies to encourage the transition to hybrid and electric buses. For instance, Norway's robust government incentives have positioned it as a frontrunner in PHEB adoption. citeturn0search4
Industry Requirements and Technological Advancements
Urban transport authorities are increasingly seeking buses that offer a balance between environmental benefits and operational efficiency. PHEBs meet these criteria by combining electric propulsion with internal combustion engines, providing flexibility and extended range capabilities. The demand for such buses aligns with the industry's focus on reducing greenhouse gas emissions while maintaining service reliability. citeturn0search0
Technologically, there is a growing emphasis on integrating advanced charging solutions and energy management systems. Innovations in battery technology are enhancing the efficiency and performance of PHEBs, making them more attractive to fleet operators. The development of fast-charging infrastructure is also a critical factor, addressing range anxiety and reducing downtime for buses in operation. citeturn0search2
Regulatory Influence
The European Union has implemented stringent emission standards, aiming to phase out new combustion engine vehicles by 2035. These regulations are compelling manufacturers and public transport operators to accelerate the adoption of hybrid and electric buses. However, the regulatory landscape is complex, with varying policies across member states, influencing the pace and extent of PHEB adoption. citeturn0news12
Competitive Landscape
Chinese automakers are increasingly targeting the European PHEB market, offering competitive models that challenge traditional European and Japanese brands. This shift is partly in response to EU tariffs on fully electric vehicles from China, prompting manufacturers to pivot towards hybrid models to maintain market presence. Companies like BYD are introducing affordable PHEBs, contributing to market diversification and growth. citeturn0news13
The European PHEB market is poised for substantial growth, influenced by regulatory pressures, technological innovations, and shifting industry dynamics. As cities strive for sustainable public transportation solutions, PHEBs offer a viable pathway, balancing environmental goals with operational practicality.
Get an In-Depth Research Analysis of the Europe Plug-in Hybrid Electric Bus Market Size And Forecast [2025-2032]
Proterra Inc.
BYD Motors Inc.
NFI Group Inc.
GreenPower Motor Company Inc.
GILLIG LLC
Blue Bird Corporation
AB Volvo
The Lion Electric Co.
Daimler AG
REV Group Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Plug-in Hybrid Electric Bus Market
Low Capacity (up to 20 kWh)
Medium Capacity (20 kWh - 60 kWh)
High Capacity (above 60 kWh)
Public Transportation
Private Transportation
School Buses
Tourist Coaches
Plug-in Charging
Wireless Charging
Hybrid Charging
Series Hybrid
Parallel Hybrid
Series-Parallel Hybrid
Government and Municipal
Private Operators
Transportation Companies
Educational Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Plug-in Hybrid Electric Bus Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Plug-in Hybrid Electric Bus Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Plug-in Hybrid Electric Bus Market, By Type
6. Europe Plug-in Hybrid Electric Bus Market, By Application
7. Europe Plug-in Hybrid Electric Bus Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Plug-in Hybrid Electric Bus Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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