The global electric bus market is experiencing significant growth due to increasing environmental concerns and zero emissions targets in the transport sector. The market is estimated to grow at a CAGR of 16.3% from 2024-2028. Factors driving the growth include fuel efficiency, environmental concerns, government initiatives, and technological advancements. Key trends shaping the market include the use of lithium-ion batteries, supercapacitors, fuel cells, and advancements in charging infrastructure. Despite the growth potential, the market faces challenges such as high initial investment, limited range, and lack of charging infrastructure. Nevertheless, the increasing adoption of electric buses in tier-1 and tier-2 cities, replacement of diesel buses, and battery-swapping methods in China present significant business opportunities for manufacturers.