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

Industry Reports –> Automotive –> Electric Bus Market

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”

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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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