The California Air Resources Board (CARB) has released the first $1.5 billion in e-mobility financing

The California Air Resources Board (CARB) has released the first $1.5 billion in e-mobility financing

The California Air Resources Board (CARB) issued the first tranche of $1.5 billion after Gavin Newsom, the California Governor, signed an investment package valued at $3.9 billion for the e-mobility ventures this autumn. Commercial electric cars and EV rebates received the largest amounts of money.

The Californian government claimed when it announced the funds in September that it will focus on the purchase incentives and specific electric vehicle incentives for the low-income Californians. Other goals included funding for 3,000 zero-emission public transportation vehicles, including school buses, or the requisite infrastructure on California roadways.

The first tranche seems to follow through on the plans outlined above. The largest amount, $843 million, will be invested in heavy-duty and off-road equipment. CARB lists financing for pilot and demonstration projects, advanced clean truck vouchers, finance for small truck fleets switching to cleaner technology, drayage truck monies, and transit and the school bus funds here.

The second-largest budget, $525 million, goes to the state-wide Clean Vehicle Rebate Project. CARB expects this “significant expenditure” to endure three years in order to meet rising consumer demand for cleaner vehicles. Another $10 million has been set aside to help electric bicycle rebates.

CARB has set aside $150 million for “clean transportation equity investments benefiting income-qualified persons and those overwhelmed by pollution,” as part of its planned focus on lower-income Californians. The funds will be used to fund incentive programs, outreach, and technical assistance. Most notably, it will continue to fund the ‘Clean Cars 4 All’ program, which pays up to $9,500 to “income-qualified” Californians who want to convert from an older, dirty automobile to a new or even used electric vehicle, hybrid vehicle, or plug-in hybrid. The scheme is implemented by participating air districts. Your household income, postcode, and the car you choose determine your eligibility and grants. For example, in the Bay Area, a single household’s income bracket is $28,980 for full grant and $38,640 or even $51,520 for both mid and base grants, respectively.

Finally, $30 million will be made available to help sole proprietors and small businesses in California who provide skilled landscaping services buy zero-emission compact off-road equipment notably lawnmowers, leaf blowers, and string trimmers.

The California Air Resources Board is the state of California’s “clean air agency.” CARB is a department of the cabinet-level California Environmental Protection Agency that was established in the year 1967 when the then-governor Ronald Reagan signed the Mulford-Carrell Act, which combined the Motor Vehicle Pollution Control Board and the Bureau of Air Sanitation.

CARB’s stated aims include achieving and maintaining healthy air quality, safeguarding the public from hazardous air contaminants, and developing new ways to comply with air pollution standards and regulations. Through programs like the ZEV mandate, CARB has also been a driving force for innovation in the global automotive sector.

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