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APAC Electric Bus Market size to hit $49 Bn by 2027

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APAC Electric Bus Market size is poised to exceed USD 49 billion by 2027, according to a latest forecast report by Graphical Research.

Air quality is a major issue in several countries in the Asia Pacific region due to increased vehicle ownership rates. This has led to health concerns associated with vehicle emissions. According to the Climate and Clean Air Coalition, 92% of the population in Asia Pacific is exposed to high levels of air pollution that pose a substantial risk to their health. Rising health concerns associated with air pollution have resulted in the high demand for clean mobility solutions including electric buses in countries such as India, Thailand, Singapore, South Korea, and China.

The presence of various key players in the region, such as BYD Auto Co. Limited, Tata Motors Limited, and King Long United Automotive Co. Limited, is fueling the electric bus market development in the Asia Pacific region. For instance, in March 2021, Tata Power announced its decision to expand the electric vehicle charging station network with around 700 charging stations across India by December 2021. This initiative will help the company to deploy charging stations with up to 240kWh chargers for e-buses.

Browse detailed statistical insights from the report, “Asia Pacific Electric Bus Market Forecast 2027 By Application (Intracity, Intercity), By Type (All-Electric, PHEV, FCEV), By Battery Capacity (Below 100 kWh, 100 - 300 kWh, Above 300 kWh), By Seating Capacity (Below 40 Seats, 40 - 70 Seats, Above 70 Seats), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1948/asia-pacific-electric-bus-market

The COVID-19 has impacted the electric bus industry negatively due to travel restrictions by governments across the globe to control the virus spread. The nation-wide lockdown in India and China impacted all business activities. Temporary shutdown of local manufacturing activities and high import taxes and complexities in logistics activities lowered the business growth in the region. However, easing of lockdown measures due to gradual fall in the number of COVID-19 cases will stabilize the market growth in coming years. Increasing investment in R&D activities by the manufacturers along with supportive government measures will support the adoption of electric buses in the region.

Batteries with capacities ranging from 100 kWh to 300 kWh are adequate for distances ranging from 60 to 80 miles. The increasing demand for intercity travel and electric vehicle charging infrastructure is driving the segment growth. The major power companies are targeting the development of electric charging network for supporting the EV infrastructure. The 100kWh-300kWh battery-powered electric buses are most used in government public transport, colleges & universities, and tourism sectors.

The APAC electric bus market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:

Asia Pacific Market, By Type

  • All-Electric
  • PHEV
  • FCEV

Asia Pacific Market, By Battery Capacity

  • Below 100 kWh
  • 100-300 kWh
  • Above 300 kWh

Asia Pacific Market, By Seating Capacity

  • Below 40 seats
  • 40-70 seats
  • Above 70 seats

Asia Pacific Market, By Application

  • Intracity
  • Intercity

The above information has been provided for the following countries:

  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea