California Adds Funding for Cleaner-Burning Trucks
September 27, 2013
The California Air Resources Board announced millions more in funding for state programs to help truckers comply with the state's emissions regulations.
CARB voted to move $8 million from other clean vehicle projects into its Truck Loan Assistance Program. The program helps small-business fleet owners finance truck upgrades required under the CARB’s In-Use Truck and Bus Regulation. Since 2009, this program has provided about $210 million in private financing to help truck owners purchase cleaner trucks, exhaust retrofits and truck efficiency upgrades.
The Legislature also recently provided another $18 million for Truck Loan Assistance Program.
In addition, funding for this year’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project was increased by $10 million to $15 million. This program provides vouchers of up to $55,000 to help California fleets purchase cleaner, advanced technology trucks and buses. CARB expects vouchers to become available at participating dealerships beginning in December.