I had the same thoughts as you, Frank. When I passed the bus, the message board at the front and back claimed that it was a battery-powered "catalyst" model. I thought:
I see this bus being bought by municipal bus companies that can find a government grant to pay the cost of the bus and its charging infrastructure. (Check out the charging options on their website.) I bet each bus will cost at least $1 million USD, between the handmade carbon fiber chassis, tons of battery cells (each one in a bombproof case), everything designed and built from scratch and of course the need to make a profit and to pay back investors. However, I do have a couple of friends who are more optimistic than I am and feel that battery-powered buses like this one will have a bright future.
Meanwhile, in the back of my mind, I think: "Sure as long as the taxpayer money keeps rolling in." I might add that our county just passed its third 30-year 1% sales tax increase to pay for transportation improvements. Half of all of the money from this tax, estimated to be $50 million a year, will be going to the local bus company so that they can pay back their previously accumulated debts and to pay for the high salaries and retirement plans of their employees.