The Canadian government has partnered with Langs Bus Lines to replace nearly half of their diesel school buses with 200 electric buses. This initiative is funded by the Zero Emission Transit Fund (ZETF) and the Canada Infrastructure Bank (CIB), aiming to reduce greenhouse gas emissions and promote cleaner transportation for students in southwestern Ontario.
GreenPower Motor Company (NASDAQ: GP), a leading manufacturer of all-electric, zero-emission medium and heavy-duty vehicles, will participate in the NYC Fleet Show. The company will showcase a sampling of its all-electric commercial vehicles and school buses, including the EV Star Utility Truck, EV Star Passenger Van, and Nano BEAST school bus.
Blue Bird Corporation (BLBD) is a leading manufacturer of school buses in the US, with a strong position in the growing market for alternative fuel school buses. The company’s early pivot to propane and electric school buses has given it a competitive edge, and it is well-positioned to benefit from the $5 billion EPA Clean School Bus Program. Blue Bird’s market share is expected to grow to 40% by 2029 due to its leading position in alternative fuel school buses. With its strong revenue growth and expanding market share, Blue Bird is a promising investment opportunity with a price target of $103 by 2029, representing 184% upside.
