The Asia-Pacific electric bus market is projected to grow at an exponential CAGR during the forecast period (2019-2025). The factors that propel the growth of the market include increasing government subsidies and growing concern about alarming air pollution levels. In November 2019, BYD Auto announced a partnership with ETO motors to assemble the vehicle and enter the electric cargo vehicles (bus) sector in India. With this partnership, ETO and BYD are aimed at developing electric cargo three and four wheelers for the Indian market.
Browse the full report description of "Asia-Pacific 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 (Government and Fleet Owner), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/asia-pacific-electric-bus-market
As per the report of the Government of India, for the adoption of EV in India, a quantum of finance is required. Between 2020 to 2023, across vehicles, electric vehicles, and batteries, a total capital cost of $866 billion will be required. The evaluated annual finance for electric vehicles will be $50 billion in 2030. Apart from it, the demand for the passenger car is increasing in China as the China Government provides a subsidiary of $7,165 per vehicle. In February 2021, Tata Motors partnered with the Department of New & Renewable Energy (DNRE) to position Tigor Electric vehicles in Goa. Tigor EVs are available in a range of 140 km & 213 km in the fleet category and Nexon EV in the personal segment with a range of 312km.
Market Coverage
Key Questions Addressed by the Report
Asia-Pacific Electric Bus Market Report Segment
By Bus Type
By Battery Type
By End-User
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