Indian Electric Bus Market to Generate $1,364.4 Million Revenue by 2025 says P&S Intelligence
With such strong government support, the Indian electric bus market value is predicted to increase from $94.3 million in 2020 to $1,364.4 million by 2025, at a 48.8% CAGR between 2021 and 2025.
- With such strong government support, the Indian electric bus market value is predicted to increase from $94.3 million in 2020 to $1,364.4 million by 2025, at a 48.8% CAGR between 2021 and 2025.
- Yet another such move benefitting the Indian electric bus market is the total funding of $4.6 billion announced for battery manufacturers, to boost domestic production.
- Presently, the lithiumiron phosphate (LFP) category dominates the Indian electric bus market, under the battery segment.
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Global Electric Bus Market Revenue Forecast Report - The demand for electric buses is growing due to the increasing need for eco-friendly public mobility options.