It is stated by a market research company, P&S Intelligence, the total size of the Indian electric bus market size will USD 603.1 million in 2022, and it will grow at a rate of 21% by the end of this decade, to reach USD 2,766.1 million by 2030.

India is the second-most populated nation, following China. The national population figures continued to grow and so does the count of vehicles. The emissions from these automobiles are worsening the air quality, becoming a serious health concern.  Because of this, the government has already switched from the BS IV to the BS VI emission standards 2020 onward.

Simultaneously, the urban population in India has increased rapidly over the past decade. Consequently, the requirement on public transport and the requirement for sustainable transport systems have increased significantly recently.

The government is promoting zero-emission buses through numerous environmental consciousness campaigns. Numerous environmental organizations are also concentrating on awareness programs, to cause a change in the preference of people and support the government achieve its objective of cutting the carbon footprint. These efforts will drive the production and sale of these vehicles in India, in the years to come.

The BEB market held the larger share, above 90%, in the recent past, as a result of the accessibility of incentives, subsidies, and other monetary benefits, to endorse the use of ecological buses.

The requirement for BEBs in India is increasing accompanied by that for low-emission public transportation. Furthermore, the central and state administrations has implemented many programs for reducing GHG emissions. Moreover, the development of the EV charging infra and the developments in the battery technology are powering e- bus requirement in the country.

The LFP category had the major share, above 80%, and it will also grow the fastest in the future. These batteries are a much safer option than others and they can charge at a high speed, which makes them a better option for large commercial vehicles.

Moreover, most e- buses make use of LFP batteries because of the fact that they are cheaper to manufacture compared to other batteries. Therefore, cost sensitivity is one of the important factors in the decision of using LFP batteries in e- buses.

E- bus sales in North India will have the fastest growth in the years to come, of over 60%, because of the support delivered by the state governments for boosting the acceptance of these vehicles. The Indian electric bus market growth is mainly driven by the high pollution level in Delhi.