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An Impact Analysis of Electrifying Floridas Public Buses
VC In order to estimate the total lifetime costs for a bus, we need price projections to estimate the annual expenditures on fuel. * VC * VC * VC * VC * VC * VC – “for our study, we have chosen 21 mpg as this is most relevant for buses in FL…” be sure to be familiar with the Penn state study * VC * BUDDY * BUDDY * BUDDY To convert 2,400 over 12 years, we need to convert 200 per year * Initial downward from increased efficiency in system Further downward is due to same NPV and assumption issues as diesel * * BUDDY – can you figure out when the break even is for the no grants case? * VC In order to estimate the total lifetime costs for a bus, we need price projections to estimate the annual expenditures on fuel. * VC In order to estimate the total lifetime costs for a bus, we need price projections to estimate the annual expenditures on fuel. * BUDDY – circle the date of the break for constant fuel prices * Buddy * Buddy * AQ * New plant may be needed because the demand for electricity by 2400 buses will push utilities over their current capacity. Large utilities, such as those in urbanized areas where buses tend to be concentrated, are required to keep a reserve ratio of 20% (vesselka how can I explain this better? we need to tie this to show how if the utililities do not expand enough by 2025 to meet the electricity demand from 2400 buses they will eat into their reserves so even at 1% of total demand, that may be enough to necessitate a new plant of 85 MW) * AQ If a new power plant is built, this will stimulate the Florida economy by creating jobs and increasing personal income. To model these economic effects, we used a regional economic model by REMI and we found that… * AQ In addition to stimulating the economy through electric plant expansion, converting the buses to electric could stimulate the economy if the government diverts the transit cost savings to ther government services. We modeled the effect of this increase in government spending if it were
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