29 Sep '15, 4pm

Electric Buses Could Lead to Significant Savings Even for Smaller Cities

29 Sep 2015: Electric Buses Could Lead to Significant Savings Even for Smaller Cities Wikimedia Commons Electric bus, Bonn, Germany Electric buses could save a city with half a million residents — one similar in size to Sacramento, California — roughly $12 million each year if the city's buses were to run on electricity rather than diesel fuel, according to a study by the Volvo Group and the audit and advisory firm KPMG. Factors such as noise, travel time, emissions, energy use, natural resource use, and roughly $2.9 million in avoided health care costs contributed to the annual savings, the analysis says. “By supplementing standard financial analysis with socioeconomic and environmental factors, one arrives at a more complete picture of the investment’s impact on companies and society,” said Daniel Dellham of the auditing group KPMG. Gothenburg, Sweden's second-largest ci...

Full article: http://e360.yale.edu/digest/electric_buses_could_lead_to_...

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