The Asia-Pacific electric bus market is projected to grow at an exponential CAGR during the forecast period. 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.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/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
- Market Numbers Available for– 2018-2025
- Base Year- 2018
- Forecast Period- 2019-2025
- Segment Covered- By Bus Type, By Battery Type, By End-User
- Region Covered- Asia-Pacific
- Competitive Landscape- BYD Co. Ltd., Proterra Inc., AB Volvo, Ashok Leyland Ltd., Deccan Auto Ltd., and Goldstone Infratech Ltd.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Li-ion
- NiMH
- Others
By End-User
- Government
- Fleet Owner
A full report of Asia-Pacific Electric Bus Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-electric-bus-market
Asia-Pacific Electric Bus Market – Segment by Country
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- AB Volvo
- Anhui Ankai Automobile Co., Ltd.
- Ashok Leyland Ltd.
- BYD Co. Ltd.
- China FAW Group Co., Ltd.
- Deccan Auto Ltd.
- Foton Motors
- Goldstone Infratech Ltd.
- Higer Bus Co. Ltd.
- Hino Motors Ltd.
- JBM Auto Ltd.
- Optare Plc
- Proterra Inc.
- Solaris
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
