STOCK TITAN

Collins Reports Increased Interest and Demand for Its Electric Vehicle School Buses

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Collins Bus, a leader in Type A school bus manufacturing under REV Group, has experienced increased interest in its Electric Vehicle Type-A school buses. It recently delivered Connecticut's first Type A All Electric School Bus and secured orders for 11 more from California, New York, and Arizona by the end of 2020. The buses are designed to save up to 85% in operating and maintenance costs compared to traditional buses. Collins aims to reduce transportation-related greenhouse gas emissions, promoting cleaner air for drivers and students.

Positive
  • Increased demand for Electric Vehicle Type-A school buses.
  • First All Electric School Bus delivered to Connecticut.
  • Orders for 11 Electric School Buses from California, New York, and Arizona.
  • Operating and maintenance savings of up to 85% compared to traditional buses.
Negative
  • None.

Collins Bus®, the industry leader in manufacturing Type A School Buses and part of REV Group, Inc., announces a rise in interest for its Electric Vehicle Type-A school buses across the US, and recently delivered the first Type A All Electric School Bus to Connecticut, the first ever in the state. At the end of 2020, Collins also took orders for 11 Type A All Electric School Buses from California, New York, and Arizona, and has already provided quotes for over 40 Electric Vehicle school buses, in the first two months of 2021.

Collins Electric School Bus (Photo: Business Wire)

Collins Electric School Bus (Photo: Business Wire)

Collins’ EV school buses are environmentally friendly and offer up to 85% operating and maintenance savings when compared to their internal combustion engine counterparts. They also provide an innovative structural design ensuring additional safety. The bus utilizes Motiv Power Systems™ Electric Powered Intelligent Chassis (EPIC®), based on the Ford E-450 platform. The system’s commercially proven battery packs are validated by millions of real-world miles.

Transportation contributes to almost 30% of greenhouse gas emissions and is a major source of other air pollutants. Electric school buses eliminate emissions providing cleaner air inside and outside the bus which is healthier for drivers, students, and the neighborhoods they serve. Add to that, electric motors are quiet with fewer moving parts, allowing drivers to communicate more easily with students onboard the bus, creating an overall safer ride.

“For over 50 years, Collins has provided world-class safety* and quality standards in school bus transportation,” said Chris Hiebert, Vice President and General Manager, Collins Bus. “With growing concern around greenhouse gas emissions, we are delighted to deliver innovative solutions in electric-powered buses to our customers.”

For more information, visit https://www.collinsbus.com/electric-school-bus

*Collins buses are 7-year, 200,000 mile Altoona tested and utilize a HSLA (high strength low alloy) tubular construction to meet or exceed all FMVSS structural testing requirements.

About Collins Bus Corporation
Collins Bus Corp., a subsidiary of REV Group Inc., has delivered more than 50 years of the best bus designs. The Collins name has long been synonymous with the school bus industry. After half a century of delivering Type A school buses with A+ marks for strength and safety, it only makes sense that Collins has become the nation’s most trusted bus manufacturer across every segment. From Type A school buses to today’s Collins commercial bus, passengers and businesses can place their trust in Collins’ engineering and innovation as much as the company itself.

About REV Group, Inc.
REV Group® (REVG) is a leading designer and manufacturer of specialty vehicles and related aftermarket parts and services. We serve a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. We provide customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers) and consumer leisure (recreational vehicles). Our diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of our brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG

FAQ

What recent milestone did Collins Bus achieve regarding electric school buses?

Collins Bus delivered Connecticut's first Type A All Electric School Bus.

How many Electric Vehicle school buses did Collins Bus secure orders for by the end of 2020?

Collins Bus secured orders for 11 Electric Vehicle school buses.

What are the potential savings of Collins’ electric school buses?

Collins’ electric school buses can save up to 85% in operating and maintenance costs compared to traditional buses.

Which states placed orders for Collins Bus's electric school buses?

The states that placed orders include California, New York, and Arizona.

REV Group, Inc.

NYSE:REVG

REVG Rankings

REVG Latest News

REVG Stock Data

1.58B
50.73M
2.37%
103.1%
5.45%
Farm & Heavy Construction Machinery
Motor Vehicles & Passenger Car Bodies
Link
United States of America
BROOKFIELD