Fiscal Year 2024-25 Draft Funding Plan for Clean Transportation Incentives

August 19, 2024

The California Air Resources Board (CARB) has posted the draft Fiscal Year 2024-25 Funding Plan for Clean Transportation Incentives (Funding Plan). The Funding Plan is an annual, detailed guide that explains how Clean Transportation Incentive funds will be spent. These funds are appropriated to CARB through the California State Budget. Each fiscal year, CARB must submit a Proposed Funding Plan to the CARB Board (Board) for consideration for potential approval. The Clean Transportation Incentives come from the Low Carbon Transportation Investments (LCTI) and Air Quality Improvement Program (AQIP). If approved by the Board, the Funding Plan guides the implementation of projects and programs for the designated fiscal year.

The Funding Plan establishes CARB’s priorities for the funding cycle, describes the projects and programs CARB intends to fund, and sets funding targets for each project or program. It also includes staff proposed policy changes for the incentive projects and programs. The Funding Plan is paired with regulatory guidelines to direct CARB’s implementation of the projects and programs. Staff updates the Funding Plan each year.

Information on public workshops and workgroup meetings for the Fiscal Year 2024-25 can be found on the Low Carbon Transportation Investments and AQIP Meetings and Workshops webpage.

The Proposed Fiscal Year 2024-2025 Funding Plan for Clean Transportation Incentives is scheduled to be posted October 11, 2024 on the Funding Plan for Clean Transportation Incentives webpage. The Board Hearing on the Fiscal Year 2024-25 Funding Plan for Clean Transportation Incentives will be held on November 21, 2024; more information coming soon.