The global electric bus market is witnessing a significant upward trend, valued at $35.3 billion in 2021 and set to skyrocket to $439.7 billion by 2031, boasting a notable CAGR of 29.5% between 2022 and 2031. Asia-Pacific stands out as the dominant player in this industry, with China expected to maintain a substantial revenue share owing to the presence of major companies like BYD Auto Co. Ltd. and ongoing infrastructure enhancements. The environmental concerns, coupled with technological advancements in developing countries of the Asia-Pacific region, are fueling the growth of electric buses. Hydrogen fuel cell vehicles are pivotal in propelling the market's expansion, as they are environmentally friendly, emitting only water as a by-product and requiring minimal infrastructure changes. Manufacturers are gearing up to mass-produce fuel-cell electric buses, signifying a positive growth trajectory. Although challenges like high costs and charging infrastructure limitations pose obstacles, the market is bolstered by government initiatives, stringent emission regulations, and technological innovations. The COVID-19 pandemic initially dampened the demand for electric buses, but post-pandemic recovery has seen a resurgence, especially in countries like China, the U.S., Germany, France, and the UK. Factors such as the burgeoning trend of vehicle electrification and the emphasis on zero-emission transport are driving market growth. Government support, including investments in enhancing public transport and safety measures, presents lucrative opportunities for market players. The future holds promise with advancements in autonomous buses and the continual evolution of e-bus technologies, offering new avenues for growth in the forecast period.