American school bus manufacturer Blue Bird Corp. BLBD delivered its 2,000th electric school bus to Clark County School District (CCSD) in Nevada last week.

What happened: The new bus takes three to eight hours to fully charge and can transport 84 students.

The school district, which operates 373 schools and serves more than 300,000 students, made the purchase of the new vehicle using the $9.875 million grant it received from the U.S. Environmental Protection Agency’s (EPA) Clean School Bus Program for the purchase of electric school buses.

“Local, state and federal funding for clean school buses remains at an (sic) historic high. Above all, we applaud the EPA’s Clean School Bus Program for accelerating the adoption of zero-emission student transportation across the country and for helping usher in an unprecedented era of technological innovation,” said Britton Smithpresident at Blue Bird Corporation.

Why it’s important: Blue Bird now has electric school buses operating in school districts in 41 U.S. states and four Canadian provinces, logging more than five million miles. The company plans to expand its production capacity to more than 5,000 electric school buses per year in the future.

For the three months ended June, the company reported net revenue of $333.4 million, up 13.3% from the same period last year, and adjusted EBITDA of $48.2 million, up $18.6 million from last year.

Price promotion: While many EV stocks have fallen so far this year, including those from the big Tesla Inc.Blue Bird shares are up. The company’s shares closed at $51.18 on Friday, marking about 95% growth so far this year, according to data from Benzinga Pro.

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Photo courtesy of: Blue Bird