Asia-Pacific Electric Bus Market Is Expected To Have a 9.8% CAGR During 2021-2027 (1)

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Asia-Pacific Electric Bus Market
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Asia-Pacific Electric Bus Market
The Asia-Pacific electric bus market is expected
to have a 9.8 CAGR during 2021-2027 owing to the
rising pollution level from vehicles in various
APAC countries. Furthermore, the increasing
population has led to an increase in the number
of people having their own cars and two-wheelers
that contribute to the increased air pollution
levels. This has resulted in surging demand for
clean mobility and substitute transportation
solutions like electric buses. Also, the
regulations by the government and subsidies and
tax exemption on electric buses provided by the
government to boost sales will also contribute to
the growth of the Asia-Pacific electric bus
market. The COVID-19 outbreak has unprecedently
declined the sales of vehicles and has adversely
impacted the ebus demand. To curtail the spread
of coronavirus, many transportation and
manufacturing operations have been stopped along
with public transport.
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Asia-Pacific Electric Bus Market
Based on vehicle type, FCEV buses is anticipated
to have a huge demand as it operates at low cost
and requires less technical maintenance as
compared to other electric vehicles. Moreover,
hydrogen cells that have recently been produced
have enhanced fuel cell capacity and enhanced
battery performance, thus lowering operating
expenses. Hydrogen cells that have recently been
produced have enhanced fuel cell capacity and
improved battery performance, lowering operating
expenses. Rising hydrogen fuel RD is expected to
boost demand for FCEV buses. Hydrogen fuel cells
are an excellent option for zero-emission
mobility programs because of their numerous
advantages, including near-zero-emissions,
increased efficiency, and renewability.
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Asia-Pacific Electric Bus Market
In December 2021, Tata Motors delivered 60
electric buses to Ahmedabad Janmarg Limited
(AJL). The FAME II Initiative offers a 24-seat
Zero Emission Tata Ultra Urban 9/9 AC Bus under a
Gross Cost Contract (GCC) with AJL, which is
operated by Ahmedabad's Bus Rapid Transit System.
Tata Motors will also install the necessary
charging infrastructure and support system to
ensure the bus's flawless functioning. Shanghai
Shenlong Bus Co., Ltd., BYD Company Ltd., Tata
Motors, Zhongtong Bus Holding Co. Ltd., Olectra
Greentech Limited., YUTONG, King Long United
Automotive Co. Ltd., Anhui Ankai Automobile Co.
Ltd., ASHOK LEYLAND, Deccan Auto Ltd. are among
the major players in the Asia-Pacific electric
bus industry.
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