Financial Analysis of Battery Electric Transit Buses

Document Type


Publication Date


Subject Area

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


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


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.


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