New $40 Million fund opened to subsidize purchases of ‘green’ vehicles
July 21, 2011
• Zero-emission and plug-in hybrids are eligible
• ‘Going to put thousands of ultra-clean vehicles on our roads’
The California Air Resources Board has approved up to $40 million for the third year of funding to promote the purchase of next-generation clean cars, trucks and off-road equipment.
The vouchers or rebates are being issued on a first-come, first-served basis and can be applied toward the purchase of zero-emission or plug-in hybrid cars, and zero-emission or hybrid trucks and buses.
“This money is going to put thousands of ultra-clean vehicles on our roads within the year,” predicts CARB Chairman Mary Nichols. “That means better air quality sooner, and real progress in making a dent in our dependence on petroleum.”
The Board directed staff to provide the following funding:
• $15 million to $21 million for continued funding of consumer rebates of up to $2,500 toward the purchase of zero-emission or plug-in hybrid passenger vehicles;
• $11million to $16 million to continue providing vouchers for California businesses to buy lower-emitting and fuel-efficient hybrid and zero-emission trucks and buses; and,
• $2 million to $3 million toward promising locomotive,
truck, and bus technology demonstration projects needed for California to meet its long-term air quality goals.
In its first two years, the program funded approximately 2,000 zero-emission passenger vehicles and over 1,000 hybrid and zero-emission trucks and buses, totaling $58 million. Funding for these programs is generated from expected revenues from smog abatement, vehicle and vessel registration fees.