Tesla electric buses

Tesla Electric BusesCurrent diesel buses consume about a gallon for every 3 to 4 miles. In contrast, electric buses are fuel-efficient and do not pollute the environment. Proterra Inc. designs and manufactures these electric buses.

The cost to purchase these new make is substantially higher than purchasing diesel buses. This is because they are run using Toshiba and LG Chem batteries, and a carbon fiber merged fuselage.

Their competitive edge is likely to arise due to falling lithium-ion batteries costs, repairs costs and from the fuel-efficiency advantage. Investors have already invested $55 million into this model and believe the yields will be worthwhile.In addition, the company secured $135 million …

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