Assessment of investment in electric buses: A case study of a public transport company

Abstract This case study presents an assessment of the efficiency and risk vehicle fleet renewal in public transport company. The investment project is solved two alternatives. first alternative consists replacement by only electric buses. In second alternative, a combination buses CNG considered. Assessment economic based on net present value (NPV). Due to lower initial ongoing capital expenditures, more cost-effective than one although profitability low. Within assessment, sensitivity analysis points out subsidy personal costs as factors influencing variance NPV most. Finally, effectiveness assessed at different levels use financial support from EU funds state budget. that case, even low level significantly increased project.