Economic news

US gives school districts $900 million for electric school buses

2024.05.29 07:56

(Reuters) – The White House on Wednesday unveiled nearly $900 million in awards to 530 school districts to replace thousands of aging, gas-fueled school buses with cleaner, mainly electric models.

The funding is the third tranche of $5 billion that the U.S. Environmental Protection Agency (EPA) will hand out over five years through a clean school bus program created by the Bipartisan Infrastructure Law in 2021.

The EPA rebates will support the purchase of 3,400 school buses, 92% of them electric, the White House said. School districts in low income, tribal and rural communities will receive about 67% of the funds.

WHY IT IS IMPORTANT

The EPA’s clean school bus program is part of a broader push by President Joe Biden’s administration to upgrade public school infrastructure and reduce pollution from old buses. It also helps deliver on Biden’s pledges to cut greenhouse gas emissions, funnel federal climate investments to underserved communities and create demand for American-made electric vehicles.

© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo

KEY QUOTE

“This announcement is not just about clean school buses. It’s about the bigger picture. We are improving air quality for our children, reducing greenhouse gas pollution and expanding our nation’s leadership in developing the clean vehicles of the future,” EPA Administrator Michael Regan said on a call with reporters. “With increasing demand for electric school buses, we’ll see the development of new good-paying manufacturing jobs and investment in local businesses.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,080.80 1.11%
ethereum
Ethereum (ETH) $ 2,198.59 1.49%
tether
Tether (USDT) $ 0.999739 0.04%
xrp
XRP (XRP) $ 2.14 0.15%
bnb
BNB (BNB) $ 607.67 3.09%
solana
Solana (SOL) $ 139.40 4.55%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.201994 0.99%
cardano
Cardano (ADA) $ 0.633744 0.27%
staked-ether
Lido Staked Ether (STETH) $ 2,196.58 1.45%
tron
TRON (TRX) $ 0.230805 0.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,894.75 1.11%
hedera-hashgraph
Hedera (HBAR) $ 0.234607 11.84%
litecoin
Litecoin (LTC) $ 124.92 0.30%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,628.65 1.31%
chainlink
Chainlink (LINK) $ 14.56 0.66%
stellar
Stellar (XLM) $ 0.298532 4.86%
leo-token
LEO Token (LEO) $ 9.76 5.42%
sui
Sui (SUI) $ 2.80 0.24%
avalanche-2
Avalanche (AVAX) $ 21.41 2.64%
the-open-network
Toncoin (TON) $ 3.25 2.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.89%
usds
USDS (USDS) $ 1.00 0.02%
mantra-dao
MANTRA (OM) $ 7.42 0.64%
polkadot
Polkadot (DOT) $ 4.59 2.46%
hyperliquid
Hyperliquid (HYPE) $ 19.18 2.50%
weth
WETH (WETH) $ 2,200.19 1.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 309.21 0.61%
ethena-usde
Ethena USDe (USDE) $ 0.999008 0.01%
bitget-token
Bitget Token (BGB) $ 4.04 1.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,333.60 1.45%
uniswap
Uniswap (UNI) $ 7.37 1.21%
monero
Monero (XMR) $ 217.50 3.14%
whitebit
WhiteBIT Coin (WBT) $ 26.40 0.51%
near
NEAR Protocol (NEAR) $ 3.17 3.80%
aptos
Aptos (APT) $ 6.38 0.11%
dai
Dai (DAI) $ 1.00 0.09%
pepe
Pepe (PEPE) $ 0.000008 5.98%
ondo-finance
Ondo (ONDO) $ 0.993743 0.15%
internet-computer
Internet Computer (ICP) $ 6.41 1.62%
susds
sUSDS (SUSDS) $ 1.04 0.01%
aave
Aave (AAVE) $ 189.78 0.77%
ethereum-classic
Ethereum Classic (ETC) $ 18.88 2.08%
bittensor
Bittensor (TAO) $ 329.96 0.02%
okb
OKB (OKB) $ 44.96 0.09%
official-trump
Official Trump (TRUMP) $ 13.01 0.87%
gatechain-token
Gate (GT) $ 20.69 0.22%
mantle
Mantle (MNT) $ 0.742903 2.54%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,983.77 1.02%
sonic-3
Sonic (prev. FTM) (S) $ 0.731511 7.95%