Charging Ahead Insights into the India Electric Bus Market

It is stated by a market research company, P&S Intelligence, the total size of the Indian electric bus market size will USD 603.1 million in 2022, and it will grow at a rate of 21% by the end of this decade, to reach USD 2,766.1 million by 2030.

India is the second-most populated nation, following China. The national population figures continued to grow and so does the count of vehicles. The emissions from these automobiles are worsening the air quality, becoming a serious health concern. Because of this, the government has already switched from the BS IV to the BS VI emission standards 2020 onward.

Explore more about this report@ https://www.psmarketresearch.com/market-analysis/india-electric-bus-market

Simultaneously, the urban population in India has increased rapidly over the past decade. Consequently, the requirement on public transport and the requirement for sustainable transport systems have increased significantly recently.

The government is promoting zero-emission buses through numerous environmental consciousness campaigns. Numerous environmental organizations are also concentrating on awareness programs, to cause a change in the preference of people and support the government achieve its objective of cutting the carbon footprint. These efforts will drive the production and sale of these vehicles in India, in the years to come.

The BEB market held the larger share, above 90%, in the recent past, as a result of the accessibility of incentives, subsidies, and other monetary benefits, to endorse the use of ecological buses.

To download free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/india-electric-bus-market/report-sample

The requirement for BEBs in India is increasing accompanied by that for low-emission public transportation. Furthermore, the central and state administrations has implemented many programs for reducing GHG emissions. Moreover, the development of the EV charging infra and the developments in the battery technology are powering e- bus requirement in the country.

The LFP category had the major share, above 80%, and it will also grow the fastest in the future. These batteries are a much safer option than others and they can charge at a high speed, which makes them a better option for large commercial vehicles.

The research offers the size of the India electric bus market for the period 2017-2030.

Market Segmentation by Type
• Battery Electric Bus (BEB)
• Hybrid Electric Bus (HEB)

Market Segmentation by Length
• Less than 10 m
• More than 10 m

Market Segmentation by Battery
• Lithium-Iron Phosphate (LFP)
• Lithium-Nickel-Manganese-Cobalt Oxide (NMC)
• Others

Market Segmentation by Application
• Intercity
• Intracity

Market Segmentation by Region
• South
• East
• West
• North

About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://pnsintelligence.wordpress.com

This release was published on openPR.