EV Public Transport System

Public Transport System

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EV Public Transport System
EV Public Transport System
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Transportation
Land Transportation
Business Model Description

The development of a national EV, public transport system will allow Belize to reduce its carbon footprint while also allowing for private sector investment in service provision. Battery-powered Electric Buses (BEBs) are less expensive to maintain than diesel-powered buses and do not produce any carbon emissions.

The Government would lease routes long-term and bear the bus cost, while private investors would generate added revenue inside the bus.

Expected Impact

Reduction in carbon emissions by switching transportation dependence from oil to clean energy

How is this information gathered?
Updated: 13 Dec, 2023
Belize
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
58,000 passengers weekly
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Industry, Innovation and Infrastructure (SDG 9) Sustainable Cities and Communities (SDG 11) Climate Action (SDG 13)

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Sector Sources
  • 1) Government of Belize. Belize Comprehensive National Transportation Master Plan (2018). Retrieved from https://edc.gov.bz/governmentpolicies/projects/cntmp/ 2) Inter-American Development Bank. Transport Sector in Belize (2013). Retrieved from https://publications.iadb.org/publications/english/document/Transport-Sector-in-Belize.pdf
IOA Sources
  • 3) Battery Electric Buses State of the Practice (2018). Retrieved from https://doi.org/10.17226/25061 4) Battery Electric Bus and Facilities Analysis (2020). Retrieved from https://www.mjbradley.com/sites/default/files/MTSElectricBusFinalReportFINAL15jan20_0.pdf 5) Electrifying Transit: A Guidebook for Implementing Battery Electric Buses. Retrieved from https://www.osti.gov/biblio/1779056-electrifying-transit-guidebook-implementing-battery-electric-buses 6) Financial Analysis of Battery Electric Transit Buses (2020). Retrieved from https://afdc.energy.gov/files/u/publication/financial_analysis_be_transit_buses.pdf 7) Inter-American Development Bank: Country Infrastructure Briefs: Central America, Mexico, Panama, and Dominican Republic (2019). Retrieved from https://publications.iadb.org/en/country-infrastructure-briefs-central-america-mexico-panama-and-dominican-republic 8) The Future of Urban Mobility: The Case for Electric Bus Deployment in Bogotà, Colombia (Coalition for Urban Transitions). Retrieved from https://urbantransitions.global/en/publication/the-future-of-urban-mobility-the-case-for-electric-bus-deployment-in-bogota-colombia/ 9) ProTerra (2021). Retrieved from https://www.proterra.com/vehicles/zx5-electric-bus/fuel-economy/ 10) Zero Emission Bus Rapid-Deployment Accelerator from Pilots to Scale (Galarza) https://iea.blob.core.windows.net/assets/db408b53-276c-47d6-8b05-52e53b1208e1/e-bus-case-study-Santiago-From-pilots-to-scale-Zebra-paper.pdf