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Lion Electric launches LionCapital Solutions bank to help bus and truck fleets maintain financial structures in electric transition

Lion Electric Capital

The Lion Electric Company has launched a new division called LionCapital Solutions. The new division will provide Lion Electric customers with flexible financing as they look to electrify their fleets of medium- to heavy-duty commercial vehicles such as school buses and trucks.

Electrification of school busses and fleets requires a huge upfront cost but lower total cost of ownership over the life of the vehicle. By helping spread out the purchase price of fleets over their lifetimes, Lion is allowing operators to keep in place their current financial structures.

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Lion Electric receives conditional PO for 1,000 electric school buses, the largest fleet in North America

Lion Electric buses

Medium and heavy-duty vehicle manufacturer Lion Electric Co. recently announced a conditional purchase order from Student Transportation of Canada (STC) for 1,000 of its all-electric Lion C school buses. The PO is dependent upon a grant of non-repayable contributions to STC under Canada’s Zero-Emission Transit Fund (ZETF). If approved, STC would become the largest operator of zero-emission buses in all of North America.

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Green Mountain Power aims to make its trucks as green as its grid with Lion Electric

Lion Electric Trucks

Commercial EV manufacturer Lion Electric has announced that Vermont energy provider Green Mountain Power will purchase two of its all-electric heavy duty trucks. The purchase includes a Lion8 bucket truck for line crews and a Lion6 truck for electrical maintenance crews in the field.

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Rivian, Volvo, and 56 others urge Michigan governor to support electric trucks and buses

Rivian Michigan

The Electrification Coalition delivered a letter to Michigan Governor Gretchen Whitmer Wednesday, backed by 58 businesses, including Rivian, Volvo, EVgo, and Arrival, to name a few. The letter urges the governor to join the Multi-State Medium- and Heavy-Duty Zero Emission Vehicle Memorandum of Understanding, which would expedite the electrification of trucks and buses throughout the state.

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Lion Electric to construct the largest all-electric medium and heavy-duty vehicles plant in US

Lion Electric manufacturing

Lion Electric will build a new manufacturing plant in Joliet, Illinois. It will be the largest all-electric medium and heavy-duty vehicles plant in the US, according to Lion. The company has committed to an initial investment of at least $70 million over a three-year period, as part of its agreement with the government of Illinois.

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Con Edison announces electric bucket truck with Lion Electric

Electric Bucket Truck

US energy company Con Edison has announced the development of the country’s first fully electric bucket truck. Its partnership with manufacturers Lion Electric and Posi-Plus will deliver the zero emission utility vehicle truck next year. The bucket truck is a recognizable symbol of electric work. It is now the latest heavy-duty utility vehicle to see an electrified revamp.

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Canada announces $2.75 billion investment in zero-emissions buses and charging infrastructure

Canada zero-emissions

The recently announced investment from the Government of Canada includes zero-emissions public transit and school buses. The full $2.75 billion will be funded over the next five years starting in 2021. The Government of Canada expects the investment to promote jobs and economic recovery in a net-zero emissions future.

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Virginia saves our kids; becomes the catalyst for electric school buses

New York school bus

Sic semper tyrannis. True to its motto, Virginia has dealt a death blow to the tyranny of diesel school buses. A few weeks ago, we highlighted some successful electric school bus V2G pilots, discussed the countless benefits, but lamented that we seemed to be stuck with one-off pilot projects involving just a handful of school buses. But now Virginia and utility Dominion Energy have delivered us salvation: They will be buying a minimum of 1,050 V2G electric school buses over the next five years. That single purchase dwarfs all others, and will serve as the catalyst for a nationwide fleet conversion by bringing down the upfront cost of electric school buses. It will also hopefully shame the rest of the US into ceasing purchases of child-poisoning diesel school buses. But it doesn’t end there.


Electric V2G school bus pilots grow, but schools asleep at the wheel

electric school buses

“The batteries on this bus go bi-directional!” That’s what kids in White Plains School District, just north of New York City, can boast this back-to-school season. The kids already enjoyed riding five clean, quiet all-electric Lion C-type Electric School Buses last school year, and now those same buses have been fitted with vehicle-to-grid (V2G) tech to allow the bus to serve as backup stationary storage for the grid when parked. As with most things electric, the east coast is following California’s lead, where kids in the Torrance Unified School Districts began breathing easy on V2G electric school buses in 2016. Expand