North America Zero Emission Buses Market was valued at USD 1.27 Billion in 2022 and is projected to reach USD 3.25 Billion by 2030, growing at a CAGR of 12.17% from 2024 to 2030.
North America is experiencing a significant shift towards zero-emission buses, driven by environmental policies, technological advancements, and industry requirements. This transition is reshaping public transportation and influencing various sectors across the continent.
In the United States, the adoption of zero-emission buses has accelerated, with a 12% increase in 2023, totaling 6,147 vehicles. Notably, fuel cell buses saw a 76% growth, highlighting a strong preference for hydrogen-powered solutions. This surge is attributed to federal and state incentives, such as the Infrastructure Investment and Jobs Act, which allocated $2.5 billion over five years for electric school buses. By June 2022, commitments were made for 12,275 electric school buses across 38 states, underscoring a nationwide commitment to cleaner transportation. citeturn0search5
California has been a leader in this transition, implementing the Innovative Clean Transit rule, mandating that all new transit buses purchased after 2029 be zero-emission, with a complete fleet conversion by 2040. This regulation has spurred significant investments in electric bus manufacturing and infrastructure development. For instance, the Antelope Valley Transit Authority achieved an all-electric fleet by March 2022, setting a precedent for other regions. citeturn0search11
Industries are responding to these regulatory requirements by investing in zero-emission bus technologies. Manufacturers are expanding production capacities to meet the growing demand. For example, Lion Electric announced plans for a new facility in Illinois dedicated entirely to the production of zero-emission buses and trucks, aiming for an annual production capacity of up to 20,000 vehicles. citeturn0search0
Despite the progress, challenges remain. The high upfront costs of zero-emission buses and the need for substantial infrastructure investments are significant barriers. Additionally, the transition requires workforce training and the development of reliable charging networks. Addressing these challenges is crucial for the successful integration of zero-emission buses into public transportation systems. citeturn0news7
In summary, the North American zero-emission bus market is evolving rapidly, driven by regulatory mandates, technological advancements, and industry investments. While challenges persist, the collective efforts of governments, manufacturers, and communities are paving the way for a more sustainable and environmentally friendly public transportation system. The North America Zero Emission Buses Market is poised for continued growth and innovation in the coming years.
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Yutong Bus
BYD
CRRC Electric Vehicle
Zhongtong Bus
Higer Bus
Ankai Automobile
King Long Motor Group
New Flyer
Volvo
Proterra
VDL Bus & Coach
Solaris Bus & Coach
EBUSCO
Daimler
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 North America Zero Emission Buses Market
Transit Bus
Intercity/Coaches
Based on Types the Market is categorized into Below types that held the largest Zero Emission Buses market share In 2023.
Battery Electric Bus
Fuel Cell Electric Bus
North America (United States, North America 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 North America Zero Emission Buses 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. North America Zero Emission Buses Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Zero Emission Buses Market, By Type
6. North America Zero Emission Buses Market, By Application
7. North America Zero Emission Buses Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Zero Emission Buses Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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