A Lion electric school bus is seen on display in Austin, Texas, Feb. 22, 2023. The Transportation Department is awarding almost $1.7 billion in grants for buying zero and low emission buses, with the money going to transit projects in 46 states and territories. The grants will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, nearly half of which will have zero carbon emissions. (AP Photo/Eric Gay, File)
By Josh Boak
The U.S. Department of Transportation is awarding almost $1.7 billion in grants for buying zero- and low-emission buses, with the money going to transit projects in 46 states and territories.
The grants will enable transit agencies and state and local governments to buy 1,700 U.S.-built buses, nearly half of which will have zero carbon emissions. Funding for the grants comes from the 2021 bipartisan infrastructure bill signed into law by President Joe Biden. The Democratic president has made it a priority to put more electric vehicles on the road — especially for schools and public transit — in an effort to contain the damage from climate change.
“Every day, millions of Americans climb aboard over 60,000 buses to get to work, to school, doctor’s appointments, everywhere they need to be,” Transportation Secretary Pete Buttigieg said in a call with reporters. “These are unprecedented levels of investment when it comes to putting modern cleaner buses on the road.”
Monday's announcement covers the second round of grants for buses and supporting infrastructure. All told, the U.S. has invested a total of $3.3 billion in the projects so far. Government officials expect to award roughly $5 billion more over the next three years.
The Biden administration said that the new buses will improve public health as diesel exhaust will no longer be going into the air and that the new buses will be easier to maintain.
The government received 475 project proposals for the grants that totaled roughly $8.7 billion, a sign of the demand for the funding.
The Seattle area will be getting $33.5 million to purchase 30 electric battery buses and chargers. The Washington, D.C., transit authority will use $104 million to make a bus garage an electric facility and buy roughly 100 electric battery buses. But money also is going outside of major U.S. cities, with Iowa City, Iowa, and the Seneca Nation in Western New York also receiving grants.
Amid a string of recalls for their electric cars, Tesla is also facing a lawsuit over workplace discrimination. The electric automaker is being accused by California’s Department of Fair Employment and Housing of a pattern of racial discrimination against Black workers. Caleb Silver, Editor-in-Chief at Investopedia, joined Cheddar News to discuss the numerous technical and safety issues that led to the recalls and the allegations of systemic racist abuse at its Fremont plant. "Tesla disputes these claims, but still you can’t avoid the pattern," he said.
The Super Bowl is only a few days away, and the game is currently tracking to be the most expensive one ever.
Gametime, a website and app for last-minute tickets, says the average ticket price for the NFL's championship game is $9,502.50, with the most expensive seats costing nearly $38,000. That's a far cry away from the average ticket price of the first-ever Super Bowl in 1967, which was only $12. The average ticket price increased by more than $8,000 in just the past decade. Matt Rados, Senior Operations Manager at Gametime, joins Cheddar News' Closing Bell to discuss.
Earlier this week, digital investment advisor Betterment announced that it has hired Makara, a company known for its management of cryptocurrency portfolios. Sarah Levy, CEO of Betterment, joins Cheddar News' Closing Bell, where she explains why crypto represents such a promising long-term play and how her company stands to benefit from this latest move.
At-home medical labs company Getlabs raised $20 million in a Series A round, led by Emerson Collective and the Minderoo Foundation. Getlabs aims to be the boots-on-the-ground partner to telehealth. The company says more than 70% of medical decisions still require collecting diagnostic tests in person, and that it fills that void by delivering health care directly to their patients' homes. Founder & CEO of Getlabs Kyle Michelson joined Cheddar News' Closing Bell to discuss.
The White House laid out plans for a $5 billion investment into a national network of charging stations to ease EV driving anxiety. Bruce Brimacombe, CEO of EV infrastructure GOe3 joined Cheddar News to discuss how much needs to be done for drivers to get over the fear of running out of energy. "People need to be able to do what they're doing now," he said. "But that is the way that if you're going to buy an electric car, you got to feel like you're not changing your world." Brimacombe noted that building out the infrastructure between cities was GOe3's own focus.
Sonos reported better than expected Q1 earnings amid chip shortage with the release of its Roam product. CFO Brittany Bagley joined Cheddar News to discuss the smart speaker maker's successful report and its plans to hit its 2024 targets as people leave their homes as pandemic restrictions ease. "Even as people head out in the world, it doesn't mean they don't like to listen to music at home or watch a streaming movie at home," she said. "So there's still a real role for us and our products in peoples lives, sort of, no matter what else they're doing."
Kalle Marsal, Chief Operating Officer at PetDx, joins Cheddar Innovates to discuss how next-generation sequencing technology is being used to detect cancer in pets early.
