BNDES is preparing credit through the Climate Fund, which currently has only R$ 2.5 billion in cash. The exchange of traditional buses for electric buses in public transport will be one of the benefits
The National Bank for Economic and Social Development (BNDES) is preparing to offer a credit line of at least R$ 50 billion in order to finance energy transition projects, which includes the electrification of bus fleets used in public transport (in addition to green hydrogen, offshore wind farms and low carbon fuels). Currently, only 376 electrified vehicles are being used in Brazil, out of a total of 107,000 buses, according to E-Bus Radar. The complete renewal of the fleet may take about 13 years, at a cost of R$ 214 billion.
iCS grantees have been working for more than six years, on different fronts, in the formulation of solutions for the electrification of the bus fleets in Brazil The most emblematic case is that of São Paulo, which has a fleet of approximately 14,000 buses. Among the actions, there were technical and economic studies for the viability and sustainability in the energy transition of the bus transport systems. Organizations such as the Institute of Transport; Development Policies (ITDP); the International Council on Clean Transportation (ICCT); the Brazilian Institute of Consumer Protection (Idec), the Health and Sustainability Institute (ISS); and the Electric Mobility Platform (PNME) are at the forefront of these projects.