IEA case study #2: electric buses in Santiago, Chile

In 2017, Metbus, a private bus operator in the capital of Chile, Santiago, partnered with Italian utility Enel and BYD to bring two electric 12-meter BYD K9FE buses to Santiago. Following the pilot, Metbus worked with BYD and Enel X, an Enel subsidiary, to add an additional 100 BYD K9FE buses in 2019. Each bus costs an estimated $295,000. Enel X financed the buses, and leased them to Metbus for 10 years, after which ownership will be transferred to Metbus. Read about more details here.