Title

Financial Analysis of Battery Electric Transit Buses

Document Type

Report

Publication Date

2020

Subject Area

place - north america, mode - bus, infrastructure - fleet management, infrastructure - maintainance, infrastructure - vehicle, economics - capital costs, economics - operating costs, technology - alternative fuels

Keywords

battery electric bus (BEB), fleet, cost-effectiveness

Abstract

Transit buses are well positioned to be the next heavy-duty vehicle market segment to significantly electrify. However, most fleet managers will only purchase battery electric buses (BEBs) if they are cost-effective when compared to traditional diesel buses over their lifetime. In this report, this comparison is done through the Vehicle and Infrastructure Cash-Flow Evaluation for BEB (VICE-BEB) model. This model determines the net present value (NPV) and the payback period for investment in BEBs and charging infrastructure.

Rights

Permission to link to this report has been given by National Renewable Energy Laboratory, copyright remains with them. This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications.

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