Green Mobility Solutions: India's Electric Bus Market Drives Towards Sustainability

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.

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 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.

Moreover, most e- buses make use of LFP batteries because of the fact that they are cheaper to manufacture compared to other batteries. Therefore, cost sensitivity is one of the important factors in the decision of using LFP batteries in e- buses.

It is because of the rapid urbanization and the government initiatives for green public transportation, the demand for electric buses in India will increase rapidly.

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