Canada Electric Bus Market Research Report, 2029

The Canadian electric bus market offers a fascinating glimpse into the intersection of innovation, sustainability, and urban mobility. The pioneering spirit of Canada has emerged as a global leader in the adoption of electric buses, with cities across the country embracing clean transportation solutions. From coast to coast, Canadian municipalities are implementing ambitious plans to electrify their transit fleets, setting a precedent for sustainable urban mobility. The government support at the federal, provincial, and municipal levels has been instrumental in driving the adoption of electric buses in Canada. Funding programs, incentives, and regulatory frameworks encourage transit agencies to invest in electric buses, accelerating the transition to cleaner, greener transportation systems. Along with the government support the Canadian e-bus market thrives on collaborative partnerships between government, industry, and academia. Manufacturers, transit agencies, research institutions, and advocacy groups work together to innovate, test, and deploy electric buses, fostering a culture of collaboration and knowledge exchange. Moreover, Canadian cities serve as incubators for urban innovation, leveraging electric buses as catalysts for smart city initiatives. From Vancouver's commitment to zero-emission public transit to Toronto's integration of electric buses into its transit network, Canadian cities are at the forefront of sustainable urban development. With advancements in battery technology, charging infrastructure, and government incentives supporting electrification efforts, the future of Canada's electric bus market looks vibrant and promising across a wide spectrum of segments, heralding a cleaner and more sustainable era in public transportation. Canada is also home to several prominent electric bus manufacturers and brands, contributing to the market's growth and innovation. Companies like Nova Bus, a subsidiary of Volvo Group, and New Flyer Industries, a subsidiary of NFI Group, are leading players in the Canadian electric bus market. These manufacturers have developed cutting-edge electric bus technologies tailored to the unique needs of Canadian cities, including cold weather performance and long-range capabilities. According to the research report "Canada Electric Bus Market Research Report, 2029," published by Actual Market Research, the Canada Electric Bus market was valued at near to USD 2 Billion in 2023. The surge in the need for electric buses in Canadian markets is due to various environmental & public health concerns. Canada, like many other countries, is increasingly focused on reducing greenhouse gas emissions and combating climate change. Electric buses offer a zero-emission alternative to traditional diesel buses, helping cities meet their climate targets and improve air quality in urban areas. Diesel buses contribute to air pollution, which can have adverse effects on public health, especially in densely populated urban areas. By transitioning to electric buses, cities can reduce harmful emissions, leading to cleaner air and healthier communities. Due to these increasing environmental concerns, in July 2019, Brampton, a city in Ontario received more than $11 million toward Phase 1 of a state-of-the-art electric bus pilot project. Around $7.6 million will go towards the deployment of buses and overhead chargers, while $3.6 million will come from Natural Resources Canada’s Green Infrastructure Program to facilitate the city to install, operate and maintain the buses and chargers.

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The report has been segmented on the basis of different types of criteria including vehicle type, end-user, application. On the basis of End User; in Canada, the end-user segment of electric buses primarily consists of two main categories Public Transit Agencies and Private Transportation Companies. Public transit agencies across Canada are increasingly adopting electric buses as part of their efforts to modernize their fleets and reduce greenhouse gas emissions. These agencies operate bus services in urban, suburban, and rural areas, providing essential transportation services to residents and commuters. By transitioning to electric buses, public transit agencies aim to improve air quality, reduce noise pollution, and lower operating costs over the long term. In addition to public transit agencies, private transportation companies also play a role in the adoption of electric buses in Canada. These companies include shuttle services, tour operators, corporate shuttles, and other private operators that provide transportation services to various clients. Private transportation companies may choose to invest in electric buses to offer sustainable transportation options to their customers, reduce their carbon footprint, and align with corporate sustainability goals. On the basis of Vehicle type, the Canadian electric bus market is experiencing a remarkable transformation, especially when analysed based on vehicle types. One of the most notable trends is the increasing adoption of electric buses across various categories, catering to diverse transportation needs. In urban settings, the demand for electric city buses is soaring, driven by concerns over air quality and the need to reduce greenhouse gas emissions. These sleek and modern vehicles offer a sustainable solution for public transit systems in bustling cities like Toronto, Vancouver, and Montreal, where congestion and pollution are pressing issues. Additionally, electric minibuses are gaining popularity for their versatility and agility in navigating narrower streets and providing shuttle services in urban cores and suburban areas. In the intercity and long-distance travel segment, electric coaches are emerging as a promising option, offering comfortable and eco-friendly transportation solutions for regional and cross-country routes. Moreover, specialty electric buses, such as articulated buses for high-capacity transit corridors and electric school buses for student transportation, are increasingly being integrated into fleets, further diversifying the electric bus market in Canada. On the basis of Application, the electric bus market in Canada is experiencing a transformative evolution, particularly when examined through the lens of its diverse applications. One significant application driving market growth is urban transit. In major Canadian cities like Toronto, Vancouver, and Montreal, where traffic congestion and air pollution are pressing concerns, electric buses offer a sustainable solution to modern transit challenges. Another notable application of electric buses in Canada is in the tourism sector. As a country renowned for its natural beauty and cultural attractions, Canada attracts millions of tourists each year to destinations such as Banff National Park, Niagara Falls, and Quebec City. Electric buses serve as eco-friendly transportation options for tourists, providing silent and emission-free travel experiences that enhance the visitor experience while minimizing environmental impact. Additionally, electric buses are increasingly being deployed in shuttle services for airports, hotels, and tourist attractions, contributing to the country's sustainable tourism goals. Overall, the diverse applications of electric buses in urban transit and tourism sectors position Canada's electric bus market for continued growth and innovation, driven by the country's commitment to environmental stewardship and sustainable transportation solutions.

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Electric Bus market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Vehicle • Battery Electric Vehicle • Plug-in Hybrid Electric Vehicle • Fuel Cell Electric Vehicle

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By Application • Intercity • Intra-city By End-Use • Private • Public The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Bus industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.