Source link : https://tech365.info/new-canadian-transit-fund-aligns-housing-mobility-retires-flawed-hydrogen-push-cleantechnica/
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Canada has taken a significant step ahead in its strategy to public transit funding. The brand new Canada Public Transit Fund, introduced final yr and going into impact in 2026, replaces the Zero Emission Transit Fund with a everlasting, predictable framework that may form investments for many years. As a substitute of short-term envelopes that expire, the federal government has dedicated to about $30 billion over the primary 10 years and $3 billion yearly on an ongoing foundation beginning in 2026. That scale and predictability permit businesses to plan with confidence reasonably than questioning if the cash will dry up earlier than their fleet renewal schedules come into alignment.
The issue with the Zero Emission Transit Fund was not its intent. It acquired businesses transferring towards planning for electrical buses and funding the primary waves of purchases. A giant drawback was that it was non permanent, software pushed, and narrowly scoped. Companies might safe funding for feasibility research — and this was one other large drawback with the ZETF — depot modifications, or bus orders, however they may not depend on a gentle stream of help throughout a long-term transition plan. That saved procurement piecemeal, and it made it tougher for producers and integrators to depend on constant Canadian demand. The brand new program fixes this by embedding transit capital into the core of…
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Author : tech365
Publish date : 2025-09-26 22:36:00
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