{"id":47747,"date":"2025-04-23T05:20:00","date_gmt":"2025-04-23T10:20:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=47747"},"modified":"2025-04-22T16:46:00","modified_gmt":"2025-04-22T21:46:00","slug":"sao-paulo-to-secure-100-million-for-more-electric-buses","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/sao-paulo-to-secure-100-million-for-more-electric-buses\/","title":{"rendered":"S\u00e3o Paulo to Secure $100 Million for More Electric Buses"},"content":{"rendered":"\n
S\u00e3o Paulo\u2019s mayor, Ricardo Nunes<\/strong>, is traveling to Asia this week to finalize a $100 million financing deal with the China Development Bank<\/strong> to expand the city’s fleet of electric buses. The announcement was made on April 17 in an exclusive interview with Di\u00e1rio do Transporte<\/em>.<\/p>\n\n\n\n
A financial solution to reduce diesel dependency<\/h3>\n\n\n\n
The plan includes a 10-year payment structure with lower interest rates than those offered by institutions like the Inter-American Development Bank. <\/p>\n\n\n\n
According to Nunes, this model allows the buses to “pay for themselves” during this period due to the operational savings compared to diesel buses.<\/p>\n\n\n\n
The city also aims to reduce its reliance on ENEL<\/strong>‘s charging infrastructure by exploring technologies that do not require a direct connection to the medium-voltage grid. <\/p>\n\n\n\n
In Chinese cities, for example, electric buses recharge during the day using an intermediate battery system, eliminating the need for a constant power supply.<\/p>\n\n\n\n