India's push for electric public transport faces hurdles as sales fall in FY25
5 days, 6 hours ago

India's push for electric public transport faces hurdles as sales fall in FY25

Live Mint  

New Delhi: India's electrification push in public transportation is slowing, with electric bus sales in FY25 set to show only a nominal increase compared with the year before. With only a fortnight to the end of the the financial year, electric bus sales stood at 3,124 units in FY25, about 400 units fewer than the previous fiscal, the government's Vahan portal data showed. In FY25, however, with electric bus sales stagnating and overall bus sales rising, the penetration of electric buses fell. The ratings agency forecast on 11 March that India's annual electric bus sales will reach the 17,000-mark by FY27 backed by government support through various schemes including PM E-drive, a robust domestic manufacturing capacity, and the fact that the total cost of ownership of an air-conditioned electric bus is about 15-20% lower than that of an air-conditioned diesel bus over a 12-year period.

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