Government and Municipal Investments Driving Spain’s eBus Market

Spain electric bus market was valued at $1,355 million in 2024 and is projected to reach $4,397 million by 2035, expanding at a CAGR of 11.3% (2025–2035). The growth in the market is driven by increasing electric bus contracts for public, municipal investments, and guarantees of sustainable urban mobility.  Madrid, Barcelona, Valencia, and Malaga are some of the cities in Spain replacing aging fleets with zero-emission alternatives. 

For instance, in July 2024, the European Investment Bank (EIB) signed a €50 million ($54.1 million) loan with Madrid's Empresa Municipal de Transportes (EMT) to finance the expansion of EMT's zero-emissions bus fleet, advancing support for sustainable urban public transport. The project covers the purchase of 250 electric buses and 10 hydrogen buses to replace the vehicles that have been in service in Madrid the longest. 

Browse the full report description of “Spain Electric Bus Market Size, Share & Trends Analysis Report by Bus Type (Hybrid Electric Bus, Fuel Cell Electric Bus, and Battery Electric Bus), By Battery Type (NiMH, Li-ion, and Others), By End-User (Urban and City Transit, School and Staff Transport, Intercity and Long-Distance Travel, Airport Shuttle, Other Applications), Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/spain-electric-bus-market

Moreover, in December 2024, the European Investment Bank (EIB) signed a €69 million ($74.6 million) loan with Valencia’s Empresa Municipal de Transportes (EMT) to finance the expansion of EMT Valencia’s zero-emissions bus fleet, boosting support for sustainable urban public transport. The project included the purchase of 145 electric buses to replace the vehicles that have been in service in Valencia for the longest. 

• In July 2025, the municipal transport company of Valencia (EMT) ordered 84 modern city buses from MAN Truck & Bus - including 57 fully electric Lion's City 12 E and 27 Lion's City 18 with MAN's efficient hybrid technology. 

• In June 2025, IVECO BUS received orders for 13  E-WAY electric buses to the Malaga Transport Company (EMT) in an event held in the Andalusian city. This delivery emphasizes the shared commitment of both entities to sustainable, efficient, and connected urban mobility, aligning with the environmental innovation goals of the Andalusian capital.

• In July 2022, Ebusco signed a contract with Àrea Metropolitana de Barcelona (AMB) in Spain for 21 Ebusco 2.2 electric 12-meter buses. 

Market Coverage

• The market number available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Bus Type

o By Battery Type

o By End-User Industry

• Competitive Landscape - Daimler Truck AG (Mercedes-Benz AG), IVECO S.p.A., MAN Truck & Bus SE, Scania CV AB, AB Volvo, Irizar E-Mobility S.L., and Solaris Bus & Coach sp. z o.o.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Spain Electric Bus Market Report Segment

By Bus Type 

• Hybrid Electric Bus
• Fuel Cell Electric Bus
• Battery Electric Bus 

By Battery Type

• NiMH
•  Li-ion
• Others

By End-User

• Urban and City Transit
• School and Staff Transport
• Intercity and Long-Distance Travel
• Airport Shuttle 
• Others

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