Proterra is a force to be reckoned with, as the Biden administration recently came out with a statement regarding the necessity of transforming traditional ICE buses with new, fully electric fleets.
"Biden has proposed spending $20 Billion to electrify at least 20% of school buses and $25 Billion to electrify some transit vehicles as part of his $2.3 Trillion infrastructure and jobs plan. He said Proterra "is getting us in the game".
Proterra currently owns 50% market share of the electric bus conversion niche in North America. They will obviously be recipients of this pool of electric money from the Biden administration, as they are one of the few American companies doing this very process at scale.
Biden virtually visited the main Proterra plant on the 20th of April and plans to visit in person soon.
"Biden has proposed spending $20 Billion to electrify at least 20% of school buses and $25 Billion to electrify some transit vehicles as part of his $2.3 Trillion infrastructure and jobs plan. He said Proterra "is getting us in the game".
Proterra currently owns 50% market share of the electric bus conversion niche in North America. They will obviously be recipients of this pool of electric money from the Biden administration, as they are one of the few American companies doing this very process at scale.
Biden virtually visited the main Proterra plant on the 20th of April and plans to visit in person soon.