The California Air Resources Board has unleashed $72.5 million in funds to be spent on emission upgrades for cars, trucks and bus owners.
On Thursday, Sept. 26, CARB announced it approved moving $8 million from other clean vehicle projects into the agency’s Truck Loan Assistance Program. The Truck Loan Assistance Program received an additional $18 million aimed at helping small-business fleet owners upgrade their trucks as required by CARB’s In-Use Truck and Bus Regulation.
CARB says since 2009, the state has leveraged public funds to provide $210 million in private financing to help truck owners purchase cleaner trucks, exhaust retrofits and truck efficiency upgrades, according to a news release. The Truck Loan Assistance program is handled jointly between CARB and the California Pollution Control Financing Authority.
CARB also announced funding for two other programs, including:
An increase from $10 million to $15 million for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. The program allows applicants to apply for vouchers of up to $55,000 to purchase cleaner, advanced technology trucks and buses. Since the program started in 2010, it has helped more than 1,600 hybrid and electric trucks and buses hit the ground in California.
The Clean Vehicle Rebate Project received $44.5 million. The project allows individuals, nonprofits, government entities and businesses up to $2,500 on a first-come, first-served basis toward the purchase of plug-in hybrid and zero-emission cars and light trucks.
CARB’s rebate and voucher incentive programs hope to accelerate the number of purchases for advanced-technology vehicles, thereby increasing production volumes and bringing consumer costs down.
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