The electrification of India’s bus fleet is expected to ramp up significantly in the coming years, with 11-13% of all new bus sales expected to be electric by the financial year ending March 2025, according to a report by credit ratings agency ICRA. Over the previous few years, e-bus volumes and penetration levels have steadily increased to reach 7% by FY23, the report said.
The growing uptake has been aided by a government push to electrify public transport on both central and state levels through incentives and policy changes.
Significant government support has been through the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme,
