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Accelerating the adoption of electric transit buses at the University of Michigan, Ann Arbor with a project finance model
The University of Michigan President Commission for Carbon Neutrality (PCCN) reports a goal of fully electrifying the transit bus system called Magic Blue Bus by 2035 as part of the wider goal of achieving carbon neutrality from scope 1 and scope 2 emissions by 2025. This will require the purchase of new battery electric buses (BEB) and the expansion of the current transit infrastructure to include charging facilities, all of which provide large upfront costs. The current method of financingdoi:10.7302/973 fatcat:lxuqork6jjejhctyu3m43kzofa