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30 Nov 2022 | Latin America | Market Research

LATAM Bus Industry, Forecast to 2030

Sustainability Targets in Municipalities and Electromobility Laws Fuel the Shift Toward Alternative Powertrain Buses

The overall commercial vehicle volume in LATAM, including 6 countries Brazil, Mexico, Argentina, Chile, Colombia, and Peru, is expected to reach 50,540 units by 2030, growing at a CAGR of 7.7% between 2021 and 2030. Fleet renewal and electromobility laws will drive growth in the coming decade. There has been a revival in passenger transportation...

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