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Five Reasons Why Electric Buses Are Key to Biden’s Green Agenda

(Reuters)- President Joe Biden I vowed to reduce it significantly Emissions By 2030, create new, high-paying green energy jobs at the same time. His administration has identified the electrification of buses as one of the main ways to achieve that goal.

While more than half of transportation emissions are produced by traditional passenger cars, diesel-powered fixed-route buses are considered one of the worst pollutants, especially in American cities.

Mass transit pollution

Route bus battery Or fuel cell electricity is considered one of the fastest ways to reduce greenhouse gas emissions from the transportation sector, with 29% accounting for the largest share of US emissions.

U.S. is far behind

Of the approximately 70,000 people in the United States diesel Route bus, surroundings only 2According to the Transportation Environment Center, which advises transportation on clean energy buses,% is currently zero emissions.

It delays the United States much ChinaAccording to data from the Chinese government in 2020, it converted nearly 60% of bus fleets. According to the European Automobile Manufacturers Association, electric buses will account for 6% of all new bus registrations in 2020 in Europe.

Who will fund the electric bus?

US transportation receives most of the funding from the Federal Public Transport Authority. US Department of Transportation This has provided nearly $ 670 million in e-bus grants over the last eight years.

The US e-bus market is expected to quintuple to $ 2.7 billion by 2024, thanks in part to its funding, according to P & S Intelligence analysts.

Who are the players in the industry?

The US electric bus market is currently sold by two players, California-based Proterra Inc and China-based BYD Co Ltd’s division BYD North America. United States for the last 10 years.

However, the electric models of existing diesel bus manufacturers, such as US-based GILLIG, Canada’s NFI Group Inc’s NewFlyer unit, and Canada-based Novabus, are Volvo Subsidiaries are becoming more popular with transportation authorities.

New Flyer, GILLIG, Novabus, BYD and Proterra jointly have the capacity to produce about 6,000 electric buses and conventional buses annually, with BYD accounting for about a quarter of the total production capacity. ..

Biden’s goal

Biden aims to electrify 50,000 diesel buses, or about 70% of the US fleet, over the next eight years.

Under a bipartisan agreement signed last month, $ 7.5 billion will go to the bus electrification program, including electric school buses.

Biden wants to see that pot of money spur the creation of jobs for high-paying unions.

Reuters Report by Tina Beron

Five Reasons Why Electric Buses Are Key to Biden’s Green Agenda

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