Electric School Bus Market Size, Share, Growth, Trends and Forecast 2024-2032

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Introduction

The EPA Clean School Bus Program is one of our big projects now, substituting diesel buses with zero-emission cleaner technologies for the nation. It was introduced as a program under the Bipartisan Infrastructure Law, with USD 5 billion spread over five financial years to help school districts move to environmentally friendly buses. According to the official, the program is primarily aimed at reducing air pollution and enhancing the health of people including students in needy areas. The Global Electric School Bus Market was valued at USD 35.6 billion in 2023 and is expected to grow at a strong CAGR of around 15.38% during the forecast period (2024-2032).

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Objectives and Funding

The focus of the Clean School Bus Program is to replace diesel-powered school buses with zero emissions and ultra-low-emissions buses such as electric, propane, or CNG-powered school buses. The EPA hopes to ease the economic burden many school districts face in weighing the cost of replacing such devices with new buses that incorporate necessary charging infrastructure by offering up to 100% funding for the costs of buying new buses and outfitting such facilities. It directs funding toward high-need local education agencies, and low-income, rural, and Tribal schools first, so that those who are hurt most by pollution get the help they need first.

The EPA reports that through early 2024 it has awarded over USD3 billion to replace nearly 8,500 school buses with 1,000 school districts. With this funding, nearly 95% of zero-emissions buses have been deployed that are less harmful to emissions in school zones. In September 2023, the agency announced another USD965 million in funding available for clean bus initiatives.

Health and Environmental Benefits

Cost savings involving electric and alternative fuel school bus transition are projected to have large health impacts. Diesel exhaust causes different respiratory problems affecting the respiratory system and asthma, primarily affecting children. Its goals are perfectly in tune with the Clean School Bus Program which works to decrease or even eliminate these emissions near schools and make conditions in and around educational institutions healthier.

Furthermore, current electric buses tend to release less greenhouse gases as compared to diesel buses. In one year of service, each electric bus that is used within the community can save a significant amount of carbon dioxide emissions throughout the useful life of the vehicle, thus helping mitigate gauntlet climate change while enhancing the quality of air that people breathe.

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Eligibility and Application Process

The Clean School Bus Program will fund school districts nationwide. In addition to public school districts throughout the entire United States, this includes Puerto Rico, Guam, American Samoa, and Tribal nations. The process is intended to be easily accessible but has high priority for low-income and rural schools.

The program to apply for the Clean School Bus Rebate Program is now shut down on February 14, 2024. Successful applicants could apply for an amount not exceeding $345,000 per electric bus which incorporated the cost of the bus and infrastructure costs. As a way of encouraging technical compliance, the EPA offers all potential applicants technical help and self-application online guidelines.

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Conclusion

Lastly, the EPA Clean School Bus Program shows that the government is supporting sustainable education sector transportation initiatives as an important program. It enables the transition to cleaner options from diesel and caters to some important public health requirements at the same time as it supports diverse other environmental intentions. As more schools take this funding opportunity, expect to see a massive positive change in students’ health and the general residents across the entire country.

 

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