UK Electric Bus Market Size & Outlook, 2023-2030

The electric bus market in UK is expected to reach a projected revenue of US$ 1,484.1 million by 2030. A compound annual growth rate of 25.2% is expected of UK electric bus market from 2024 to 2030.
Revenue, 2023 (US$M)
$307.0
Forecast, 2030 (US$M)
$1,484.1
CAGR, 2024 - 2030
25.2%
Report Coverage
UK

UK electric bus market highlights

  • The UK electric bus market generated a revenue of USD 307.0 million in 2023 and is expected to reach USD 1,484.1 million by 2030.
  • The UK market is expected to grow at a CAGR of 25.2% from 2024 to 2030.
  • In terms of segment, lithium iron phosphate was the largest revenue generating battery type in 2023.
  • Lithium Nickel Manganese Cobalt Oxide is the most lucrative battery type segment registering the fastest growth during the forecast period.

Electric bus market data book summary

Market revenue in 2023USD 307.0 million
Market revenue in 2030USD 1,484.1 million
Growth rate25.2% (CAGR from 2023 to 2030)
Largest segmentLithium iron phosphate
Fastest growing segmentLithium Nickel Manganese Cobalt Oxide
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate
Key market players worldwideBYD Co Ltd ADR, Volvo AB ADR, Volkswagen AG, Nissan Motor Co Ltd, Daimler Truck Holding AG ADR, Hyundai Motor Co, Ashok Leyland, Zhengzhou Yutong Bus, Tata Motors, Proterra

Other key industry trends

  • In terms of revenue, UK accounted for 0.9% of the global electric bus market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, France electric bus market is projected to lead the regional market in terms of revenue in 2030.
  • France is the fastest growing regional market in Europe and is projected to reach USD 2,473.4 million by 2030.

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Electric Bus Market Scope

Electric bus market segmentation & scope

Electric Bus Market Companies

Name Profile # Employees HQ Website

UK electric bus market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric bus market will help companies and investors design strategic landscapes.


Lithium iron phosphate was the largest segment with a revenue share of 94.95% in 2023. Horizon Databook has segmented the UK electric bus market based on lithium nickel manganese cobalt oxide, lithium iron phosphate covering the revenue growth of each sub-segment from 2018 to 2030.


  • UK Electric Bus Battery type Outlook (Revenue, USD Million, 2018-2030)
    • Lithium Nickel Manganese Cobalt Oxide
    • Lithium Iron Phosphate

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  • Our clientele includes a mix of electric bus market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK electric bus market , including forecasts for subscribers. This country databook contains high-level insights into UK electric bus market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK electric bus market size, by battery type, 2018-2030 (US$M)

UK Electric Bus Market Outlook Share, 2023 & 2030 (US$M)

UK electric bus market size, by battery type, 2018-2030 (US$M)

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