TMTM
School bus

stu99/istockphoto

Cheapism is editorially independent. We may earn a commission if you buy through links on our site.

Out with the old and in with the new: The Biden administration has doled out nearly $1 billion to U.S. school districts to replace aging, gas-fueled school buses with electric models. The funds are the first round of a five-year, $5 billion grant that the Environmental Protection Agency is awarding through the clean school bus program created last year.

So how far will the first bout of this billions for buses initiative go? The funds will support purchases of 2,463 buses — 95% of them electric — to schools in all 50 states through nearly 400 rebates, the White House says.


Gallery: Car Companies Making EV Investments in America

Cheapism in the News
msn
today
nytimes
cnbc
newyorker
cbs