BYD buyers eligible for CARB funds
14 May 2021
BYD announced that buyers of its line of American-made battery-electric transit buses, motor coaches, and heavy-duty trucks are eligible for $165 million in funds through the California Air Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).
HVIP will open to new voucher requests at 10 a.m. on Tuesday, June 8. A total of approximately $165 million will be available. Half the funds will be released to the public when the program opens and the other half will be made available two months later on August 10.
Class 8 trucks performing drayage operations as well as any vehicles purchased by a public government entity are exempt from the two-month pause.
Vehicles in the voucher program include BYD’s entire battery electric transit bus line and most coaches as well as Class 8 and Class 6 electric trucks. Vouchers of $85,000 or $120,000 are available, depending on the vehicle.
Voucher amounts can be increased by an additional 10% if the vehicles are domiciled in a disadvantaged community. Voucher amounts can be increased by an additional 15% if the vehicles are procured by a public transit agency.
The chassis of any vehicle receiving an HVIP voucher must be titled and licensed in California, and the vehicle must be California-registered.