10 Jul '18, 5pm

#Pamplona BYD partners to launch first-ever electric bus leasing program

BYD client Antelope Valley Transit Authority in Los Angeles County estimated a cost savings of more than $46 million over the lifetime of a new fleet by electrifying its buses; this equates to approximately $46,000 per bus per year in savings compared to an all diesel fleet. BYD Generate Capital Inc., a financier, owner, and operator of distributed infrastructure, announced a joint venture to launch the first electric bus leasing program of its kind in the U.S., in partnership with BYD Motors Inc . As part of the joint venture, $200 million will be allocated to this pioneering lease program, which will help public and private sector clients accelerate adoption of battery-powered electric buses by reducing upfront costs. In doing so, the program will also help provide cleaner, quieter, safer, and more fiscally responsible transportation choices. According to Bloomberg New E...

Full article: http://www.metro-magazine.com/technology/news/730447/byd-...

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