The U.S. federal government’s Clean School Bus program announced US$913.1 million in rebates to replace 2,500 school buses with low- or zero-emissions models this year, including 207 so far made by the Quebec-based EV company. (The Logic)
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The U.S. federal government’s Clean School Bus program announced US$913.1 million in rebates to replace 2,500 school buses with low- or zero-emissions models this year, including 207 so far made by the Quebec-based EV company. (The Logic)
Talking point: The company’s shares rose about one per cent Thursday. Lion Electric, which had 700 vehicles on the road and an order book of 286 trucks and 2,071 buses at the end of the second quarter, will need to manufacture and deliver all the rebated buses and corresponding charging commitments by 2024. It has been investing in building its Illinois factory, which aims to make 20,000 vehicles a year when completed.
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