Volvo/KPMG Analysis Finds Cities Could Save Millions with Electric Buses Instead of Diesel

A city with half a million inhabitants would save about SEK 100 million (US$12 million) per year if the city’s buses ran on electricity instead of diesel, according to an analysis conducted in collaboration between the Volvo Group and the audit and advisory firm KPMG. The analysis has taken into consideration such factors as noise, travel time, emissions, energy use, taxes and the use of natural resources.

Standard investment appraisals do not take into account all of the costs that impact society and the environment. Therefore, to quantify all of the aspects, we have now calculated the monetary value of an electric bus line The results show that irrespective of the number of parameters taken into consideration, electric buses comprise the leading public transport solution.

—Niklas Gustafsson, Head of Sustainability at the Volvo Group

Volvo/KPMG Analysis Finds Cities Could Save Millions with Electric Buses Instead of Diesel