Zero-Emission Truck Funding for Small Fleets with 20 Trucks and Fewer
Beginning August 30, 2023, eligible trucking fleets can access flexible financing options for zero-emission trucks through the Innovative Small e-Fleet Pilot (ISEF). Small trucking fleets and owner-operators face many barriers to adopting zero-emission technology, such as high upfront costs, limited financing & insurance options, and complex planning for fueling infrastructure. By dedicating a portion of HVIP funds to small fleets, CARB will better understand the specific needs of this traditionally underserved group and support their transition to zero-emission, especially for those subject to the Advanced Clean Fleets regulation. ISEF funding allows small fleets to request enhanced vouchers for standard financing, lease, rental, and truck-as-a-service options. HVIP and ISEF are both part of California Climate Investments, a statewide initiative that puts cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment - particularly in disadvantaged communities with greater economic and environmental challenges.
Eligible fleets include California-based, privately owned trucking companies, independent owner-operators, and non-profits with fewer than 20 trucks and an annual revenue of less than $15 million. Non-profits are not disqualified by revenue. Guidelines to participate in ISEF are now available through Appendix F of HVIP's Fiscal Year 2022-23 Implementation Manual. Those interested in accessing funding for class 2b-8 zero-emission vehicles are invited to attend an informational session on ISEF hosted by the project administrator CALSTART. The program will open for voucher requests on August 30, 2023, at 1:00 p.m. Pacific Standard Time on the ISEF Purchaser Webpage.
Date: July 19, 2023
Time: 3:00 p.m. - 5:00 p.m. Pacific
Location: Zoom