India Electric Bus Market Report 2024, Featuring Profiles of JBM Auto, Olectra Greentech, Solaris Bus & Coach, PMI Electro Mobility Solutions, Switch Mobility, Tata Motors & GreenCell Mobi...
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering. The Indian Electric Bus Market was valued at USD 0.32 Billion in 2024, and is expected to reach USD 1.10 Billion by 2030, rising at a CAGR of 22.84%. The Indian electric bus market has been experiencing significant growth due to the country's increasing focus on sustainable transportation and reducing air pollution. With the government's push for cleaner energy solutions, electric buses are becoming an attractive alternative to conventional diesel-powered buses. Various incentives, such as subsidies under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, have made electric buses more affordable for operators. The shift toward electric buses is also supported by advancements in battery technology, leading to improved efficiency, longer ranges, and reduced operational costs. This growing adoption of electric buses aligns with India's national goal of achieving
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