The investment is modest compared to the purchase of a new electric vehicle - about 1,000 euros for a retrofitted two-wheeler compared to 4,000 for a new electric scooter, 250,000 euros for a retrofitted bus compared to about 600,000 euros for a new electric bus - because only the power train is adapted. All other components are reused/reintegrated to ensure a controlled price while maintaining its performance.

As proof of the recognition of the potential of the retrofit solution, some governments, including France, are releasing aid to support the sector and accelerate its deployment. Additional funding and support is also provided by organizations involved in the fight against climate change, such as ADEME in France.

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Forsee Power SA published this content on 13 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 13:39:08 UTC.