President Biden wants to replace 50,000 public transit buses and 480,000 school buses – the vast majority of them powered by diesel – with electric ones.
Melina Mara/The Washington Post via AP, Pool
Few industries were hit harder by the COVID-19 pandemic than bus companies, but White House plans for the future of transportation could take the industry from bludgeoning to boom times.
That’s because buses are a chief target of President Joe Biden’s plan to combat the climate crisis by electrifying US transportation. Biden’s proposed $2 trillion infrastructure plan would set aside $174 billion for electric vehicle incentives designed to help the US halve its carbon emissions by 2030.
In the effort to reduce the impact of transportation, which accounts for nearly 30% of US greenhouse gas emissions, publicly-owned vehicles are a fertile starting ground. Biden’s proposal includes funding to replace 50,000 public transit buses and 480,000 school buses – the vast majority of them powered by diesel – with electric ones.
Even before Biden put forward his plan, market research firm Mordor Intelligence predicted that over the next four years, the US bus industry will grow about 27% due to electric bus incentives at the state and federal levels – despite significant setbacks in ridership from the COVID-19 pandemic.
Now, Biden’s bold plans could transform the American bus industry to the point where demand for e-buses in the US could soon outpace industry-dominated China, according to data from tech research firm IDTechEx.
The US bus industry is set to boom despite COVID-19 setbacks
Biden’s proposal, which will surely morph as Congress debates it, allocates $25 billion to replace 20% of America’s school buses. Replacing 50,000