Is it feasible?
Does the fare-payer want to pay for it?
Sorry for the Chatgpt estimate but I've got a sinus infection (probably from aircon in London
):
Anyone got a better estimate?
Does the fare-payer want to pay for it?
Sorry for the Chatgpt estimate but I've got a sinus infection (probably from aircon in London
However lots of those journeys are probably free, so let's be conservative and 3x it to 15p-21p increase on fares.Back-of-the-envelope estimate
Assumptions:
Total annual cost:
- Fleet size: 8,700 buses
- Retrofit cost: £60,000 per bus
- Total capital cost = 8,700 × £60,000 = £522 million
- Finance over 10 years at ~5% ≈ £68 million/year
- Additional electricity, maintenance and repairs = £30–60 million/year
£68m + £30–60m = £98–128 million/year
Assuming 1.9 billion bus journeys per year:
£98–128m ÷ 1.9bn = 5.2–6.7p per journey
Anyone got a better estimate?