RE:RE:174 delivered Q4: 139 buses, 35 trucksMy link was a silent powerpoint. Did not see any guidance for 2023-2024. See what you can make of what was offered:
U.S. EPA – Clean School Bus Rebate Program
$5B total program over 5 years dedicated to zero-and low-emission school buses o Part of the Bipartisan Infrastructure Law
First round of funding for ~$930 million awarded as of March 9, 2023
o Subsidy of up to $375K per electric school bus (up to 100% of cost) and up to $20k for charging infrastructure
o 2,395 electric buses awarded to 376 applicants
o Purchase order required by April 28, 2023; vehicle delivery by October 2024
210 vouchers granted through school board applications filed through Lion(2)
190 purchase orders received as of March 9, 2023;
EPA anticipates disbursing funds within ~60 days of submission
Significant opportunity to convert additional vouchers into Lion purchase order
o More than 1,400 unit vouchers obtained directly by school districts (without identifying an OEM or related dealership)
Another $1B expected to be available in 2023 under an additional round of funding Lion started delivering Made-in-America school buses via its Joliet plant EPA Voucher Awards Filed Through Lion (Electric Buses) EPA Round 1 Awards Breakdown (Electric Buses)(1) Lion Electric Direct Applications All Other OEMs Combined Illinois California Louisiana Michigan Oklahoma Other States (3) 1) All numbers have been derived from the data made publicly available by the EPA (https://www.epa.gov/system/files/documents/2022-10/List-of-CSB-Rebate-FY2022-Selectees-Final.pdf). Numbers shown in this chart with respect to “All Other OEMs Combined (including dealers)” and “No OE