R$1 Billion in Investments Will Be Used to Finance the Expansion of the Electric Bus Fleet in São Paulo

Written by Valdemar Medeiros

Published on 12/12/2020 at 09:13

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Electric Buses in SP Will Receive Over 1 Billion Reais in Investments

This Thursday (10), an alliance between 17 investors and manufacturers was announced, aiming to inject around R$ 1 billion in investments to finance the increase of the electric bus fleet in four cities in Latin America: São Paulo – SP, Medellín (Colombia), Santiago (Chile), and Mexico City. The investments in the electric bus fleet aim to permit the circulation of over 3,000 of these vehicles.

According to the Alliance, All of Latin America Already Has Electric Buses in Circulation; Investments Will Enhance This Sector

According to the alliance proposing the investments, there are currently around 1,962 buses in operation across Latin America – meaning that investments in this sector will increase the number of electric buses by up to 150%.

The Zebra Alliance (Zero Emission Bus Rapid – deployment Accelerator) includes investors such as BNDES (National Bank for Economic and Social Development), Enel (which controls Eletropaulo), and EDP Brazil (another holding in the electric vehicle sector), along with manufacturers like BYD, Eletra, and Foton.

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São Paulo – SP Has 1.5% of All Electric Bus Fleet in Circulation in the City

In São Paulo – SP alone, there are 217 electric buses in circulation, which accounts for 1.5% of the entire fleet, preventing the emission of over 25,000 tons of CO2 annually. In the city of SP, about 61% of greenhouse gas emissions come from public transport, which consists of diesel-powered buses.

In Chile, specifically in Santiago, there is the largest fleet of electric buses, with over 770 buses that emit zero gases. Investments in this area promise less polluting vehicles within up to 12 months, with the possibility of putting them into circulation in up to 18 months.

R$1 Billion in Investments Will Be Used to Finance the Expansion of the Electric Bus Fleet in São Paulo

Electric Buses in SP Will Receive Over 1 Billion Reais in Investments

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R$1 Billion in Investments Will Be Used to Finance the Expansion of the Electric Bus Fleet in São Paulo

Electric Buses in SP Will Receive Over 1 Billion Reais in Investments

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According to the Alliance, All of Latin America Already Has Electric Buses in Circulation; Investments Will Enhance This Sector

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Antarctica reveals an unusual clue high in the Hudson Mountains, and what appeared to be just an isolated rock began to expose a secret hidden under the ice for ages.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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