Charged EVs - New report: US transit fleet could electrify by 2035 for an investment of less than $89 billion
According to a new report produced by the Center for Transportation and the Environment (CTE) at the request of Senators Chuck Schumer (D-NY) and Sherrod Brown (D-OH), the entire US public transit fleet could replace its fossil fuel vehicles with battery-electric and fuel cell buses by 2035 at a cost of between $42 billion and $89 billion, depending on bus capital costs and other factors.
The report envisions federal support for vehicle and equipment procurement, technical assistance, and a comprehensive research and innovation program to accelerate transit vehicle technology development. It offers a roadmap for federal lawmakers to pursue this policy objective, including an accounting of estimated agency costs and a list of key assumptions underpinning the figures.
