Spain electric bus market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The increasing awareness to reduce greenhouse gases and government incentives availability is the key factors to drive the growth of the market. The Spanish Government is aiming to reduce greenhouse gases emission by 2030. The government wants to lower the use of petrol and diesel vehicle and wants to shift towards electric vehicles to achieve a Zero-emission target.
Moreover, the government offers various incentives for the purchase or lease of electric vehicles. For the private individual electric buses, purchase incentives of $9,657 are available, for businesses electric buses purchase incentive up to $7,245 is there, and electric bus purchase for the Big companies- up to $6,035 incentives are available.
Browse the full report description of "Spain Electric Bus Market Size, Share & Trends Analysis Report By Bus Type (Hybrid Electric Bus, Fuel Cell Electric Bus, and Battery Electric Bus), By Battery Type (NiMH, Li-ion, and Others), By End-User (Government and Fleet Owner), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/spain-electric-bus-market
Apart from this, due to the COVID-19 outbreak response, in June 2020, the MOVES II plan is available in Spain for the purchase of the electric vehicle. The incentive of $6,639 is available for the scraps of a 10-year-old vehicle and purchase a new electric vehicle. Incentive up to $4,828 is available for the new electric vehicle purchase. Besides, for the plug-in electric vehicles incentive up to $3,138 is available with scrapping old one and $2,293 is available for the purchase of new Plug-in electric vehicle without scrapping.
Such availability of various incentive offers by the country’s government will encourage people to prefer electric vehicles. In addition, the government’s target to make Spain emission-free will support the development of the EV industry and hence will drive the growth of the Spain electric bus industry.
Market Coverage
Key Questions Addressed by the Report
Spain Electric Bus Market Report Segment
By Bus Type
By Battery Type
By End-User