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Economic Assessment of Investment in Electric Buses and CNG Buses – A Case Study of a Public Transport Company
 
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Faculty of Mining, Ecology, Process Control and Geotechnology, Technical University of Kosice, Letná 9, Košice, Slovakia
2
Faculty of Mechanical Engineering, Technical University of Kosice, Letná 9, Košice, Slovakia
CORRESPONDING AUTHOR
Jana Fabianová   

Faculty of Mining, Ecology, Process Control and Geotechnology, Technical University of Kosice, Letná 9, Košice, Slovakia
 
Adv. Sci. Technol. Res. J. 2022; 16(4):96–105
 
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ABSTRACT
The article deals with green investment focused on urban public transport. This work presents a holistic approach to evaluating investments in electric and CNG buses, i.e., the economic efficiency assessment, including the risk aspect. The investment project is assessed in terms of the source of funding and risk factors affecting the profitability of the project. A non-repayable subsidy from the European Social Fund in the amount of 0%, 25%, 50% and 90% of investment costs is considered. Economic efficiency is assessed in terms of profitability through the financial criterion Net Present Value (NPV) and risk using mean NPV and standard deviation. The result of the evaluation of the variants of the investment project is that the investment project without the support of non-repayable resources is loss-making. With a low level of financial support, it is more economical to procure CNG buses. With a higher level of financial support, investments in electric buses are more profitable, due to lower operating costs.