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Well this is certainly interesting--wonder what it means for the financial implications for electric buses...a subject often under much discussion here.....see below and moved along for those with an interest.......
Under new laws:
7/1/2025: Ch. 563 of 2024, A9238-A/S9292-A
Lowers the period of probable usefulness of zero-emission school buses from 12 years to eight years.
Some interesting stuff in here:
JUSTIFICATION: Starting in 2027, school districts in New York will be required to purchase electric school buses to replace standard diesel buses. Because electric buses are significantly more expensive than diesel buses, the legislature gave districts a longer period to pay for them. A traditional bus is paid for over five years, with an expected period of usefulness of ten to twelve years. Electric buses currently must be paid for over a period of twelve years. Unfortunately, because electric buses cannot be undercoated without voiding their warranties, the expected life of an electric bus is only eight to ten years, with warranties expiring after eight years. With a twelve-year amortization period, districts will frequently be paying for buses that are no longer in service. This bill shortens the amortization period to reflect the life expectancy of electric school buses more accurately.
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