Electric buses are anticipated to achieve more than 70 per cent penetration by 2030 across various applications including city, intercity, staff, tarmac, and school buses, according to a report by Hindu Businessline (HBL), citing JBM Auto, a leading electric bus manufacturer in India.
With an annual production capacity ranging between 14,000 and 20,000 buses, the Indian electric bus market already ranks as the second largest globally. If plans proceed as intended and economies of scale take effect, electric bus penetration is projected to grow to around 20 per cent in financial year 2026, up from the current 3 per cent, the report stated.