U.S. government announces up to $375K in funding for each Lion Electric bus
by CM Staff
EnergyStar certified charging infrastructure is also eligible for funding under this program, and LionEnergy says it is prepared to help with installations.
JOLIET, Ill. — Lion Electric Company says it is preparing to assist customers in securing funding under the first $500 million tranche of the U.S. Environmental Protection Agency’s $5 billion Clean School Bus Program.
As part of the Infrastructure Investment and Jobs Act, the U.S. federal government has dedicated $5 billion in funding to deploy zero-emission and clean school buses over the next five years. This funding is part of an effort to help bring healthy commutes to students around the country, especially in underserved communities which have historically had disproportionately poor air quality.
Lion Electric says it expects school districts will also benefit from reduced maintenance costs of their vehicles.
The company’s announcement explained that priority districts can receive up to $375,000 per bus in funding, which can represent up to 100 per cent of an all-electric school bus price. Other eligible districts can receive up to $250,000 per bus.
EnergyStar certified charging infrastructure is also eligible for funding under this program, and LionEnergy says it is prepared to help with installations.
The EPA will release a list of priority districts in early May.
“Lion is in a fantastic position to help customers secure this new EPA funding for both all-electric school buses as well as charging infrastructure, which in some cases will fund the entire purchase of a new zero-emission Lion school bus,” said Marc Bedard, CEO – founder of Lion Electric in a statement.
“This federal program is a major step in transitioning to sustainable school transportation, bringing significant improvements to the health of our children and communities. We applaud the EPA for their commitment to deploy all-electric school buses.”
