California Increases Clean Diesel-Truck Loan Funding

  • California Increases Clean Diesel-Truck Loan Funding

    The California Air Resources Board announced an additional $18 million in funding for a program to replace older higher-polluting diesel trucks.

    The Truck Loan Assistance Program helps Small-business fleet owners in California finance truck upgrades and has provided about $210 million since 2009 to help owners purchase cleaner trucks, exhaust retrofits and efficiency upgrades, according to CARB.s.

    “The incentive programs provide critical early investments needed to accelerate the transformation of California’s car, truck and bus fleets to the cleanest advanced technologies,” CARB executive officer Richard Corey said in a statement.

    “The Truck Loan Assistance Program complements these long-term investments by providing truckers additional access to loans, helping clean up the legacy fleet of older, higher-polluting diesel trucks,” he said.

    CARB said it also increased funding for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project by $10 million to $15 million. The program provides vouchers of up to $55,000 for California fleets to purchase cleaner trucks and buses.

    Since 2010, the Hybrid and Zero-Emission program has helped deploy more than 1,600 hybrid and electric trucks and buses in California.

    Original Article by Transport Topics

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