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Electric Bus Market Soars: China Rises, Europe Declines

11/2/2025

29 4 Full Breakdown

Summary

Story summary

The global electric bus market is expanding, with projections of over 60% global sales by 2030 and 83% by 2040.
European manufacturers' market share declined from 74% to 54%.
Chinese manufacturers such as Yutong have risen to 24%.
Latin America is emerging, with Santiago de Chile aiming for 4,400 electric buses by 2025.
The United States recorded a 12% increase in zero-emission bus adoption in 2023.

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Story summary

The global electric bus market is expanding, with projections of over 60% global sales by 2030 and 83% by 2040.
European manufacturers' market share declined from 74% to 54%.
Chinese manufacturers such as Yutong have risen to 24%.
Latin America is emerging, with Santiago de Chile aiming for 4,400 electric buses by 2025.
The United States recorded a 12% increase in zero-emission bus adoption in 2023.