According to interest rates, Graz Holdings, Austria, on April 29, 2015, said that the bus system in Graz will start using Chinese-made electric buses in 2016. As a bus operator in Graz, the company has been negotiating with China South Locomotive Group for electric bus projects since February 2015. It plans to conduct trial operation of four to five bus lines in 2016.
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The electric bus produced by China South Locomotive Group is capable of charging for 5 kilometers in 30 seconds and has been successfully applied to the public transportation system of five cities in China including Ningbo. The EU 2030 White Paper on Climate and Energy Policy stipulates that by 2030, 80% of public transport in the EU needs to be driven by non-fossil fuels, and by 2050 it will reach 100%.
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·Austria and China South Locomotive negotiated electric bus project