New electric buses to roll into London after £10m funding from HSBC UK

The bus company Go-Ahead Group has secured the funding for the buses, which can carry up to 81 passengers and take four hours to recharge

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A total of 25 electric double-decker buses will soon roll into London.

London General Transport Services, part of London’s largest bus company Go-Ahead Group, has delivered the electric fleet following a £10 million leasing package from the bank HSBC UK.

The buses feature iron phosphate batteries, which deliver 345kWh of power and can run for up to 190 miles of driving.

They can carry up to 81 passengers and take four hours to recharge, bringing greenhouse gas (GHG) emission reductions across the city.

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.”

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 industry is responsible for 28% of all GHG in the UK with only very modest reductions achieved since 1990.”

The funding has helped Go-Ahead Group expand its bus fleet to more than 100 vehicles, saving more than 5,500 tonnes of carbon dioxide.

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