Why can't the wraps be of a reflective material?
You can add chemicals/coatings that can reflect IR light while being invisible to the human eye. This is done a lot with roofing materials and window tint. I assume they can do the same with vinyl wraps. But you can't reflect visible light with a colored wrap. This is because if you see the color green, that means the wrap has absorbed all colors of light, except for green, it has reflected the green wavelengths of light. Since black is no color, that means a true black absorbs all visible light, while white contains all colors, a true white reflects all visible colors. The nice thing about the reflective coatings on the windows, though, is they would reflect all IR, visible, and UV wavelengths.
Solar energy hitting the surface is split about 49% IR, 43% Visible Light, and 8% UV.
So back to my original point, it will cause more heat to be absorbed by the windows rather than reflected, which will affect the temperature of the cabin. I don't feel like doing the analysis on this to determine how much, but it could be done fairly easily.
My jacket is opaque, the wraps are not, a lot of light will get through and be reflected by the reflective material on the glass.
The bus wraps are probably about 60% solid, so only 40% would be reflected by the coating (couldn't quickly find specs, so this is an estimate). It is hard to tell in the pictures, but it looks like a solid wrap in the pictures. If it did have the holes in it, it might look really weird with a reflective coating under it, like it has light shining through it (it might also be fine, IDK, but bus windows aren't reflective). This might be why they went with a full wrap instead of the ones shown in the concept art. The small ones on a highly reflective surface probably would've looked weird in the stations and hard to look at in the sun. If the are using bus window wrap, they may not have the reflective coating under and just a tint, we'll see.
But I'm sorry I brought it up, if anyone cares about discussing heat transfer further feel free to PM me.