The California Air Resources Board (ARB) has announced an additional $72.5 million in funding for state emissions-reducing programs, including incentives to clean up heavy-duty vehicles such as trucks and buses.
“The incentive programs provide critical early investments needed to accelerate the transformation of California’s car, truck and bus fleets to the cleanest advanced technologies,” ARB Executive Officer Richard Corey said. “The Truck Loan Assistance Program complements these long-term investments by providing truckers additional access to loans, helping clean up the legacy fleet of older, higher-polluting diesel trucks.”
Three programs received additional funding:
- $44.5 million for the Clean Vehicle Rebate Project, which provides a rebate of up to $2,500 for EV purchases on a first-come, first-served basis. The rebate can be combined with the federal tax credit and various regional incentives. Over 33,000 rebates have been issued since the program launched in 2010, and demand has grown to about 2,500 rebates per month.
- $10 million for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, which provides vouchers of up to $55,000 to help California fleets purchase advanced-technology trucks and buses. This program has helped deploy more than 1,600 hybrid and electric trucks and buses in California.
- $18 million for the Truck Loan Assistance Program, which helps small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation. This program has leveraged state funds to provide about $210 million in private financing to help truck owners purchase cleaner trucks, exhaust retrofits and truck efficiency upgrades.