London General Transport Services (LGTS) has supplied 25 electric double-decker buses to the Go-Ahead group following a Â£10m sustainable leasing package from HSBC.
This leasing package from HSBC will allow the Go-Ahead group to expand their electric bus fleet to over 100 vehicles, saving thousands of tonnes of CO2 and also significantly reducing air pollution.
The buses contain iron phosphate batteries that deliver 345kWh of power and can run for up to 190 miles of typical urban driving.
The buses can carry up to 81 passengers at a single time and take just four hours to re-charge.
John Slattery at Go-Ahead Group, commented: ‘It is vital for both the future of our planet and for public health that we invest in sustainable transport solutions.
‘The support of HSBC UKâ€™s sustainable lease financing has enabled us to increase the number of electric buses across London and weâ€™re excited to continue working with the team as we strive to meet our sustainability goals.’
Rob King, head of sustainability at HSBC UK said: ‘Although progress has been made in decarbonising sectors such as renewable electricity generation, transport is now the largest emissions emitting sector.
‘The adoption of clean transport is a key priority in reducing greenhouse gas emissions, improving air quality and improving the populationâ€™s health.
‘Go-Ahead Group has identified electric transport as a clean and sustainable long-term solution to the demands of public transport in London and we are very pleased to work with them on providing this sustainable lease financing.’