Electric buses (e-buses) are expected to represent up to 13 per cent of new bus sales by FY2025, rating agency ICRA said on Monday.
“ICRA foresees electric buses to be at the forefront of India’s electrification drive, with the segment expected to witness healthy traction going forward. ICRA estimates e-buses to account for 11-13 per cent of new bus sales by FY2025,” ICRA said in a statement.
The report anticipates that government subsidies and advancing technologies will contribute to further decreasing the capital costs associated with e-buses. Additionally, the operational savings of electric vehicles compared to diesel ones will also contribute to increasing demand.
