GRANTS, GOVERNMENT
FUNDING, AND
BENEFITS
Below examples are for California, but other states also have or soon will have Grant options available. Regardless of your state, contact RWC Group to find out the latest!
CALL (323) 560-3882 OR EMAIL CUSTOMERCARE@RWCGROUP.COM TO SPEAK TO OUR ELECTRIC VEHICLE EXPERTS WITH ANY QUESTIONS OR INQUIRIES!
Flexible Zero-Emission Truck Funding for Small Fleets with 20 Trucks and Fewer: The Innovative Small E-Fleet (ISEF) set-aside in HVIP will open on Wednesday August 30, 2023 at 1pm Pacific! ISEF provides incentives for small fleets that seek to deploy battery electric or hydrogen fuel cell trucks. Eligible participants must be privately owned or non-profit trucking companies in California with 20 or fewer trucks and less than $15 million per year in annual revenue, owner operators also qualify. Non-profits are exempt from the revenue cap. The funding allocation for ISEF includes $33 million for innovative solutions such as short-term leases, rentals, and truck-as-a-service and $50 million for ISEF purchases. And there is more!
Fleets are encouraged to verify their recorded fleet size using Safer, and their compliance and eligibility using the TRUCRs system, to ensure eligibility prior to participation.
The goal of the Innovative Small e-Fleet is to implement innovative solutions to assist small fleets in making the transition to zero-emission trucks, including, but not limited to, flexible leases, short-term rentals, truck-as-a-service (TAAS), assistance with infrastructure, individual owner planning assistance, increased available funding, and other mechanisms. HVIP feels taking this action can position itself to better understand the specific needs of this traditionally underserved group and support their transition to zero-emission in advance of the upcoming Advanced Clean Fleets rule. Contact RWC Group today to discuss all potential HVIP and other potential incentives!
HVIP
INNOVATIVE SMALL E-FLEET (ISEF) PROGRAM INFORMATION
SECTION 179 TAX INCENTIVE.
The Federal Government has Section 179 deductions that can be used to help offset the cost of CARB compliant trucks. Now through December 31, 2024 eligible business owners may write off up to $1,220,000 when purchasing or leasing new and used equipment.
