The economic benefits of operating an electric school bus fleet include a lower total cost of ownership due to lower maintenance and fuel costs, which can yield savings of $5,000 to $10,000 per school bus per year. Unlike fossil fuel models, electric school buses do not require engine oil and air filter changes, nor smog testing and transmission maintenance. There are also many state and grant programs that help subsidize electric school bus purchases.
Additionally, multiple forms of ownership (vehicle lease, battery lease, Mobility-as-a-Service provider) allow for districts to select the financing mechanism that best supports their budgeting needs.
Finally, electric school buses outfitted with Vehicle-to-Grid capabilities can unlock additional sources of revenue for the school district, by storing power in their batteries and selling it back to the grid during times of peak energy use.