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New electric bus leasing option for school transit operators across Canada
Investment supports the saving of approximately 5,500 tonnes of GHG emissions annually
Fast facts
Our $50 million investment towards the purchase of hundreds of electric school buses will help students across Canada access cleaner transit options.
The loan will help cover the higher upfront capital costs of ZEBs, assisting to accelerate Highland Electric’s leased fleet of electric buses.
Highland Electric is offering electric bus leases to school board operators. Giving school boards an alternative to purchasing vehicles is the company’s vision to drive clean and reduce students' exposure to school bus emissions.
Benefits of CIB involvement
Our Zero-Emission Buses Initiative assists transit agencies and school bus operators in transitioning their fleets to modern, environmentally friendly vehicles. The financing, in the form of direct loans, can cover a portion of the higher upfront capital cost of ZEBs compared to diesel buses.