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Search resuls for: "School Bus Program"


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☆ The best-performing EV stock this year is a school bus manufacturer
  + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
The bus manufacturer has seen a boom in its EV bus business thanks to a $5 billion government program. AdvertisementThe school bus manufacturer sold a record 210 electric school buses in the quarter and said it had an order backlog of about 500 electric buses, with bookings soaring 56% from the year-ago period. Helping fuel Blue Bird's EV school bus business is the US Environmental Protection Agency's Clean School Bus Program, which was established in the 2021 Bipartisan Infrastructure Law and provides $5 billion in funding to replace diesel school buses with electrified buses. AdvertisementAccording to research from Barclays, an electric school bus can sell for more than $300,000 compared to just $100,000 for traditional school buses. "EV school bus growth is in the early innings.
Persons: —, Blue Bird, Phil Horlock, Needham, Chris Pierce Organizations: Bird Corp, EV, Service, Blue Bird Corp, YCharts, School Bus Program, Law, Barclays, Bird
☆ U.S. awards $1 billion to electrify school bus fleets
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
Oct 26 (Reuters) - The Biden administration on Wednesday unveiled nearly $1 billion in awards to U.S. school districts to replace aging, gas-fueled school buses with cleaner, mainly electric models. The funding is the first tranche of $5 billion that the U.S. Environmental Protection Agency (EPA) will hand out over five years through a clean school bus program created by the Bipartisan Infrastructure Law in 2021. The EPA's clean school bus program is part of a broader push by the administration to upgrade public school infrastructure and reduce pollution from old buses. Transitioning to an electric school bus fleet nationwide would cut greenhouse gas emissions by 5.3 million tons per year, according to a study by the non-profit Public Interest Research Group. Last month, EPA said it would nearly double its planned $500 million in clean bus awards for this year due to overwhelming demand from school districts.
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