(Under development)
First zero-emission bus investment in the province of Quebec
The CIB and Autobus Séguin have completed an agreement for the CIB to support the purchase of zero-emission school buses (ZEBs) with an investment of up to $15 million.
Fast facts
Electric buses contribute to Quebec’s objective of electrifying 65% of its school bus fleet by 2030 while providing high-quality transit service for students.
ZEBs are quieter and are expected to have lower maintenance and fueling costs compared to equivalent GHG-emitting vehicles. More than 2,146 tonnes of GHGs will be reduced annually, the equivalent of removing 658 passenger vehicles from the road every year.
Our investment will be repaid from cost savings from the ZEBs as measured against costs of an equivalent GHG-emitting bus. The charging infrastructure will be provided through an agreement between Autobus Séguin and InnovHQ, a Hydro-Québec subsidiary.
Benefits of CIB Involvement
Our ZEB initiative assists transit agencies and school bus operators in transitioning their fleets to modern, environmentally friendly vehicles. Our financing, in the form of direct loans and innovative aggregators, can cover the higher upfront capital cost of ZEBs versus diesel buses, with repayment coming only from actual savings generating by operating ZEBs instead of diesel buses. Partners can use flexible financing options to modernize their bus fleets on an accelerated basis.
Learn more
- Autobus Séguin - Opens in a new tab
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