BNDES accredits BYD Brasil for Finame for electric bus chassis and batteries

Finame is very important so that companies in the sector can finance at lower interest rates

Amid the coronavirus pandemic, good news to warm up the electricity sector. BYD Brasil was accredited by BNDES so that 100% electric bus chassis and lithium iron phosphate batteries used in the vehicles can be purchased through Finame financing.

Within the program, interested companies will be able to finance up to 80% of the value of the bus, over a period of up to 10 years, with a 2-year grace period. The 20% deposit can be divided into 8 quarterly installments.

The equipment included in Finame was: refrigerated battery for standard electric low-floor bus D9W and low-floor chassis 12,5m electric propulsion – D9W.

“Finame is very important so that companies in the sector can finance 100% electric buses at lower interest rates. Clean, sustainable and low maintenance cost technology has been highly sought after, but investment has been hampered by the lack of an attractive financing policy. We believe that this will be a milestone for the introduction of electric buses in the country”, says the director of the BYD do Brasil Bus Division, Marcello Von Schneider.

Benefits

100% electric buses can become an economical alternative during the crisis. In addition to being non-polluting, they are economical, with an operating cost 70% lower than a conventional diesel bus.

Another advantage is that the cost of electrical supply is equivalent to that of a diesel vehicle. Furthermore, the reduced number of parts in a 100% electric vehicle reduces the need for maintenance, providing greater vehicle availability compared to conventional combustion vehicles.

electric fleet

According to BYD, Campinas has had 14 electric buses running since 2018 and São Paulo has put 15 vehicles into operation since last November. Bauru, Brasília, Maringá, Santos and Volta Redonda also already have electric buses in their fleets.

Photo by Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. He has been following the Brazilian electricity sector since 2020.

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