The Mexico electric bus market size reached USD 313.03 Million in 2025. The market is projected to grow at a CAGR of 27.60% between 2026 and 2035, reaching almost USD 3581.73 Million by 2035.
Base Year
Historical Period
Forecast Period
Buses of length 9-14 metres are expected to constitute a major portion of the Mexico electric bus market share.
Battery electric vehicle buses are expected to dominate the market over the forecast period.
Increasing international collaboration is expected to accelerate the market growth.
Compound Annual Growth Rate
27.6%
Value in USD Million
2026-2035
*this image is indicative*
Some of the key factors aiding the Mexico electric bus market expansion are the shift towards renewable resources and the growing focus on promoting decarbonisation in the country. Expanding EV charging infrastructure in the country is also surging the deployment of electric buses.
Proactive government measures to save crucial mineral resources and develop an electrification roadmap are expected to propel the Mexico electric bus market. For example, lithium was recognised as a strategic mineral reserve by the Mexican government in April 2022 and it announced that a newly established public entity would manage its value chain entirely. This is one of the key Mexico electric bus market trends.
Collaboration with neighbouring countries like the USA for mitigating the adverse effects of climate change is expected to favour the Mexico electric bus market growth. The Mexican government has set a target of electrifying 50% of all vehicle production by 2030 and the United States is expected to play a key role in strengthening regional supply chain networks for electric vehicles (including buses) in the market.
Private ownership is expected to account for a significant Mexico automotive electric bus market share due to their innovative technologies. For example, Volvo’s BZL technology aids the design of powerful and noiseless electric buses. Its latest buses launched in the Mexican market have predictive safety systems that ensure the security of cyclists/pedestrians. This is expected to drive the market growth in the forecast period.
"Mexico Electric Bus Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion
Market Breakup by Length
Market Breakup by Power Output
Market Breakup by Battery Capacity
Market Breakup by Application
Market Breakup by Ownership
The key Mexico electric bus market players are:
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In 2025, the market reached an approximate value of USD 313.03 Million.
The market is estimated to grow at a CAGR of 27.60% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of around USD 3581.73 Million by 2035.
The different segments based on bus length include a length of less than 9 meters, 9-14 meters, and above 14 meters.
The various segments based on the propulsion type of electric bus are battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.
The major applications of electric buses include intercity and intracity.
The major players in the market are BYD Motors Inc., Mercedes-Benz Group AG, AB Volvo, Hyundai Motor Co., Yutong Bus Co., Ltd., Higer Bus Company Limited, Liaoning SG Automotive Group Co., Ltd., Xiamen King Long International Trading Co., Ltd., and Anhui Ankai Automobile Co. Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Propulsion |
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| Breakup by Length |
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| Breakup by Power Output |
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| Breakup by Battery Capacity |
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| Breakup by Application |
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| Breakup by Ownership |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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