Indonesia Electric Bus market size is projected to grow at a CAGR of 75.3% during 2023F-2028F

Battery electric buses obtained the largest revenue share in the Indonesia Electric Bus Market – 6Wresearch

Battery electric buses is one of the vehicle types in the Electric Bus Market in Indonesia and this type accounted for the largest share in the sector in the past few years since the majority of electric buses in the country are battery electric buses. Battery electric business will continue to dominate this market in the coming years as the demand for these buses will rise more in the near future. The government of the nation is planning to accomplish the net-zero emission target by electrifying the entire public transportation fleet in the future by deploying more battery-electric buses, as they are comparatively more environmentally friendly than hybrid buses. Indonesia Electric Bus Industry is growing significantly on account of rising concern about greenhouse gas emissions as public transportation and autos account for 27% of the emissions in Indonesia. The future of this industry in the country is extremely bright as the demand for electric bus is rising at a faster pace.

According to 6Wresearch, Indonesia Electric Bus market size is projected to grow at a CAGR of 75.3% during 2023F-2028F. In 2021, the public sector dominated the Indonesia Electric Bus Industry and this segment will keep dominating the sector in the near future. The private sector is reluctant to switch to electric variants owing to their higher cost. However, the public transportation authority has taken initiative of introducing electric buses. The sector is constantly growing in the country and there is more the sector will accomplish in the future.

The Indonesian government is going to great lengths to boost the growth of the country's fully electric industry by providing new investment opportunities for companies from all over the world. Many foreign companies such as BYD, Skywell, and Higer are entering the electric bus market in Indonesia partnering with domestic companies such as Bakrie and Brother, PT. INKA, PT Daimler Commercial Vehicles Indonesia, etc. hence increasing the foreign investment in electric buses in Indonesia.

According to Ravi Bhandari, Research Head, 6Wresearch, By Charging infrastructure, plug only dominated the market as this type of charging infrastructure is easier to develop and has a lower cost of installation. Moreover, a similar trend is expected to continue over the coming years with just a few charging units expected from other categories.

By region, Java- Bali has the largest share as Jakarta is the first and only region in Indonesia where electric buses have completed the trial run and have been made operational. Java Bali will continue to dominate the sector in the country.

“The Indonesia Electric Bus Market (2023-2028)” report provides an in-depth analysis with 15 figures and 5 tables, covered in 64 pages. The report on the Indonesia Electric Bus Industry comprehensively covers the industry by vehicle types, charging infrastructure, end-users, and region. The report provides a detailed as well as unbiased analysis of the on-going growth drivers, opportunities/high growth areas, and trends of the market which are anticipated support the stakeholders to align and devise their market strategies according to the latest and future market dynamics.

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