CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Lion Electric gets $38M grant from EPA’s Clean School Bus program

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The Lion Electric Company, a manufacturer of all-electric medium and heavy-duty urban vehicles based in Joliet, Que., has been awarded a grant for 97 school buses and related charging infrastructure, representing a total of $38 million, as part of the U.S. EPA’s latest round of awards under the Clean School Bus Program.

With this latest round of awards, the EPA has more than doubled the funding amount initially announced in April 2023, thereby allocating nearly $1 billion to 67 applicants. Based on the EPA, these awards are expected to facilitate the purchase of over 2,700 clean school buses in 280 school districts serving over 7 million students across 37 states.

Approximately 70% of all units awarded under this round of the program have been directly granted to school districts, financial entities and third-party contractors, representing attractive potential for additional opportunities for Lion.

“The ongoing investment from the federal government for cleaner school buses will tangibly contribute to the well-being of our children and communities, reduce greenhouse gas emissions (GHG), and increase the number of electric school buses on American roads. Congratulations to the EPA and all the recipients, who will soon experience the many benefits of transitioning to zero-emission school buses,” said Nicolas Brunet, President of Lion. “We continue to assist our clients with the funding opportunities that are available, and we are proud to manufacture purpose-built all-electric school buses in Joliet, Illinois, which are currently being deployed across the United States.”

In addition to this round of financing, the EPA is currently accepting, until January 31, 2024, applications for the 2023 Clean School Bus Rebate Program. The agency expects to award at least $500 million in funding under this round by April 2024.

Lion says they provide districts and operators with a dedicated team of grant specialists to assist them in applying for and securing future funding opportunities, including under the Clean School Bus Program. Lion’s support also includes financing assistance with LionCapital Solutions, charging infrastructure with LionEnergy, driver/maintenance/safety training from Lion’s BrightSquad and proprietary EV telematics with LionBeat.

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