The Australia electric bus market size reached USD 476 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,993.72 Million by 2033, exhibiting a growth rate (CAGR) of 15.4% during 2025-2033. Government incentives, emission reduction targets, rising fuel costs, urban air quality concerns, and advancements in battery technology are some of the factors contributing to Australia electric bus market share. Public transport electrification initiatives and investments in charging infrastructure also support the market’s growth across metropolitan and regional transit systems.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 476 Million |
Market Forecast in 2033 | USD 1,993.72 Million |
Market Growth Rate 2025-2033 | 15.4% |
Government-Backed Expansion of Local Electric Bus Deployment
The Australian electric bus landscape is marked by significant governmental investment aimed at bolstering the adoption of locally manufactured zero-emission vehicles. A substantial multi-million dollar joint program is facilitating the introduction of electric buses in Western Australia, with dedicated funding allocated for both vehicle acquisition and the necessary charging infrastructure. This initiative underscores a commitment to supporting domestic manufacturing within the clean transport sector. The long-term operational cost savings associated with these electric buses further incentivize this transition. Such government-supported schemes signal a strong push towards sustainable public transport and the creation of local economic opportunities within the burgeoning electric vehicle industry. These factors are intensifying the Australia electric bus market growth. For example, in June 2024, Australian manufacturer Volgren launched the first of 18 electric buses in Western Australia, part of a USD 250 Million joint government program. The Western Australian government plans to invest USD 125 Million to acquire 130 locally made electric buses, with the federal government adding another USD 125 Million for charging infrastructure. Each bus can travel 300km per charge, saving approximately USD 1 Million in operating costs over its 18-year lifespan.
Growing Localization in Electric Bus Production
Australia's electric bus market is experiencing a notable surge in local assembly initiatives. The recent establishment of a Queensland-based facility dedicated to preparing imported electric bus chassis for operation signifies a move towards greater domestic involvement in the supply chain. This development directly responds to escalating local demand, evidenced by a significant procurement of these locally finished vehicles for the transport network in the capital territory. This strategic direction is in harmony with the nation's overarching goals of diminishing transport-related emissions and fostering investments in sustainable transit solutions. The considerable uptick in electric bus acquisitions across Australia further highlights this increasing inclination towards domestically enhanced zero-emission transportation options. This localization trend promises to bolster the local economy and create skilled jobs within the burgeoning electric vehicle sector. For instance, in November 2024, Yutong, in collaboration with VDI, assembled electric buses in Queensland. VDI's new Brisbane facility would outfit Yutong's E12 series, meeting rising local demand, including a 90-bus order from Transport Canberra. Yutong's Australian bus sales have increased significantly. Australia aims to cut transport emissions and seeks cleaner transport investments.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on propulsion type, battery type, length, range, and battery capacity.
Propulsion Type Insights:
The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), and plug-in hybrid electric vehicle (PHEV).
Battery Type Insights:
A detailed breakup and analysis of the market based on the battery type have also been provided in the report. This includes lithium-ion battery, nickel-metal hydride battery (NiMH), and others.
Length Insights:
The report has provided a detailed breakup and analysis of the market based on the length. This includes less than 9 meters, 9-14 meters, and above 14 meters.
Range Insights:
A detailed breakup and analysis of the market based on the range have also been provided in the report. This includes less than 200 miles and more than 200 miles.
Battery Capacity Insights:
A detailed breakup and analysis of the market based on the battery capacity have also been provided in the report. This includes up to 400 kWh and above 400 kWh.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Propulsion Types Covered | Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-in Hybrid Electric Vehicle (PHEV) |
Battery Types Covered | Lithium-ion Battery, Nickel-Metal Hydride Battery (NiMH), Others |
Lengths Covered | Less Than 9 Meters, 9-14 Meters, Above 14 Meters |
Ranges Covered | Less Than 200 Miles, More Than 200 Miles |
Battery Capacities Covered | Up To 400 kWh, Above 400 kWh |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |