UAE Electric Bus Market to Grow at Brisk Rate
Growing concerns towards environment coupled with lucrative
offers by the government to propel UAE electric bus market through 2024
According
to TechSci Research report, “UAE Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024”, the UAE electric bus market is expected to grow at a CAGR
of over 30% during the forecast period owing to the rising environmental issues
and increasing fuel prices. Additionally, Dubai Electricity and Water Authority
(DEWA) and Road Transport Authority (RTA) are working together as a joint force
for the development of electric vehicle market in the country by installing
charging stations and providing incentives such as free parking and exemption
from toll and registration fees. Additionally, authorities and private
companies are taking initiatives in improving the charging technology, which
would decrease the charging time for electric vehicles, thereby creating a suitable
environment for the growth of electric vehicles across the country.
Browse market data Tables and Figures spread through 70 Pages and an in-depth TOC on "UAE Electric
Bus Market"
https://www.techsciresearch.com/report/uae-electric-bus-market/4172.html
The UAE electric bus market is segmented based on seating type, battery type, application,
bus length, region and company. Based on seating type, the market can be categorized
into up to 30-seater, 31-40-seater and above 40. The above 40-seater segment is
projected to grow at a rapid pace during the forecast period as the high
seating capacity buses are the most effective solution to control the air
pollution with the optimum use of power generated in the electric bus. Based on
bus length, the market can be segmented into 6-8m, 9-12m and above 12m. The
9-12cm length market is anticipated to register the highest CAGR during the
forecast period owing to their precise length which is suitable for transit bus
service.
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Tesla,
Inc., Hyundai Motor Company, Volkswagen Motor Company LTM, Bayerische Motoren
Werke AG and others are some
of the leading players operating in UAE electric bus market. “UAE electric bus
market is expected to witness high traction during the forecast period due to increase
in demand for electric buses in the country backed by the fact that government is
providing subsidies and tax benefits to electric bus manufacturers. Furthermore,
the players involved in the manufacturing of the conventional buses are likely
to enter the electric bus market and encourage a healthy competition among all
manufacturers and thus driving the growth of electric bus market in UAE.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“UAE Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of UAE electric bus market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in UAE electric bus market.
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