Press Release

Russia Electric Bus Market to Grow at Double Digit CAGR During Forecast Period

Rising population along with government efforts to boost the use of clean fuel vehicles to drive Russia electric bus market through 2024

According to TechSci Research report, Russia Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, Russia electric bus market is anticipated to grow at a double digit growth rate during the forecast period on account of increasing government focus and growing consumer awareness towards reducing noise, air pollution and greenhouse emissions. Moreover, electric buses provide enhanced comfort, possess superior image and have lower total cost of ownership, thereby boosting their adoption in the country.

Browse market data Tables and Figures spread through 70 Pages and an in-depth TOC on “Russia Electric Bus Market"

Russia 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 up to 30-seater segment is the dominant segment in Russia electric bus market and is poised to grow at an impressive rate in the coming years as well. This is due to the placed order of procurement of new electric buses under this segment with automakers. On the basis of battery type, the market can be bifurcated into lead acid and lithium ion. Lithium ion is the preferred battery type as these batteries have relatively lower weight.

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GAZ Group, JSC KAMAZ, LIAZ, Belkommunmash, among others are some of the leading players operating in Russia electric bus market.  “Central Federal District is anticipated to witness significant adoption of electric buses as the region is the home to the cosmopolitan capital, Moscow, which accounted for one-eighth of all pollutants released by vehicles in 2017. In order to reduce air pollution and greenhouse emissions, the city has purchased 100 electric buses, as of May 2019, and the city has the largest electric bus fleet in Europe. Furthermore, Moscow plans to purchase only passenger electric buses after 2021.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Russia 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 Russia 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 Russia electric bus market.

About TechSci Research

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