Electric bus leasing programme launched
USA: A joint venture of electric bus manufacturer BYD Motors and infrastructure financier Generate Capital has launched a $200m electric bus leasing programme.
The aim is to help public- and private-sector clients accelerate the adoption of battery electric buses. Generate Capital notes that while electric buses are cheaper over their whole life, they require higher upfront investment than diesel buses. This has limited their adoption in the USA, particularly among private-sector clients and smaller municipalities.