New Delhi, Feb. 21 -- The Government's vision of transitioning from conventional fuels to sustainable alternatives is expected to receive a substantial boost through electric-powered public transportation.

According to recent estimates by credit rating agency ICRA, electric vehicle penetration in the public transport segment is projected to reach 30-40 percent by fiscal year 2030, marking a significant shift in the nation's transportation landscape.

The central government has implemented various initiatives to support this transition, notably the PM e-Bus Sewa scheme.

The transformation is further bolstered by government subsidies, reduced ownership costs, expanding OEM portfolios, and demand aggregation by government-backed entities....