Lion Electric makes electric school buses and filed on December 30th. An electric school bus costs some $350K, almost triple the cost for an ICE bus.
Quebec committed billions of dollars to carve out its place in North America’s electric vehicle supply chain, but those efforts have been thwarted by a string of bad news. The latest: electric bus and truck maker Lion Electric expects to seek creditor protection.
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Eleven months ago…
Lion Electric Honored with mHUB Chicago’s Manufacturer of the Year Award
Less than nine months later…
Back in 2021, Joliet Patch reported that Lion Electric intended to produce more than 10,000 electric vehicles per year at full capacity at the Joliet property at 3835 Youngs Road, off Route 6. Lion Electric occupied a newly built 906,000-square-foot industrial building and claimed it would make an investment of about $120 million in new machinery and equipment.
Meanwhile, New York school districts face an unfunded mandate for electric school buses (which cost 2-3x more than a diesel one).
“Just for Horseheads alone, with 88 busses at $400,000 a piece, if that, and not more, you’re talking about $32 million that has to come from the tax base. The state says they’ll pay for it, but they have not provided any mechanism,” Dr. Douglas said. “This is way beyond our means, no matter what. And you have to understand, even the power companies have said they cannot meet these goals to our elected leaders.”
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