Chicago Transit Authority expects two electric buses it bought from New Flyer Industries will each save $300,000 in fuel costs and $660,000 in public health costs over their 12-year expected runs. That more than makes up for the $500,000 premium over the diesel buses that the electric ones replaced. They can run for 100 miles — a full day’s work — before needing to recharge overnight. CTA operates about 1,800 buses. ‘Most Sense’ “Electric drive trains make the most sense in heavier vehicles,” said Michael Linse, a partner at venture capital firm Kleiner Perkins that’s made early investments in Proterra. “Hybrids get a third of the market now and they’re just marginally better and very expensive at $650,000 to $700,000. It was almost all diesel 10 years ago.” BYD Co., the Chinese automaker partly-owned by Warren […]