Funding Updates

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.

Related posts

News
ZESBI Opening Soon!

May 1, 2024 The Zero Emission School Bus and Infrastructure (ZESBI) incentive project will open for applications on May 14, (…)

Fleets
Spring into Action on Advanced Clean Fleets

April 3, 2024 In April, CARB is excited to share weekly posts about the ACF regulation. We’re tackling topics like (…)

Keep up to date on program changes and policy updates

    CARB Funding FY23-24 FY24-25

    HVIP FY23-24 Funding and Policy Changes

    November 17, 2023 On November 16, 2023, the California Air Resources Board (CARB) approved the Fiscal Year (FY) 2023-24 Funding (...)

    Learn more

    HVIP FY22-23 Implementation Manual Now Available

    September 5, 2023 The HVIP FY22-23 Implementation Manual (IM) is now available. The IM further explains policy changes that have (...)

    Learn more

    Follow the funds! Voucher data updated monthly

    Follow the Funds! Voucher data and map are updated monthly. Learn where HVIP-funded vehicles are benefiting California, including voucher requests (...)

    Learn more
    Important updates and notifications
    Please Pardon our Dust! We are busy making updates to the website