Read the following passage carefully:
To accelerate the decarbonization of urban transport in secondary cities, municipal transit authorities have introduced capital subsidies covering up to 40% of the purchase price for private operators transitioning to electric buses. Officials contend that subsidizing fleet acquisition costs will rapidly eliminate reliance on diesel vehicles and improve local air quality without requiring direct municipal fleet management. However, electric bus operations in these urban centers face severe financial stress due to high battery replacement costs required every five years, coupled with strict municipal fare caps that constrain operator revenues. Furthermore, local electrical grid infrastructure in several secondary cities experiences frequent voltage fluctuations, leading to extended vehicle downtime during peak operating hours. Without addressing grid stability and operational cost-sharing mechanisms, capital acquisition subsidies alone will fail to establish a financially viable zero-emission transit network.
Statement: The author assumes that high battery replacement expenses and uncompensated operational costs are substantial enough to prevent private bus operators from sustaining electric bus fleets independently under fixed fare revenues.
Based on the passage, is this statement True or False?
Answer: Answer