Zero-emission bus (ZEB) technology has reached a stage where the whole-life cost of a ZEB fleet is broadly similar to that of an equivalent internal combustion engine (ICE) bus fleet. Although the operating costs of ZEBs are lower than those of their ICE equivalents, ZEBs require a higher initial investment, as well as mid-life replacements of batteries and other components. This means that financing ZEBs is a different proposition than financing ICE buses and, depending on the particular circumstances, innovative financing models are required. In this second GT Advisory of a two-part series, Greenberg Traurig’s Richard Hughes looks at potential financing models for ZEB fleets and associated infrastructure.
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