Funding Updates

Innovative Small e-Fleet Update

Flexible Zero-Emission Truck Funding for Small Fleets with 20 Trucks and Fewer

Beginning August 31, privately-owned or non-profit trucking fleets with 20 or fewer trucks and an annual revenue of less than $15 million can access flexible financing options for zero-emission trucks through the HVIP Innovative Small e-Fleet Pilot (ISEF). This funding allows small fleets to access flexible financing, lease, rental, and truck-as-a-service options with enhanced incentives and fueling support.

Guidelines to participate in ISEF are now available through Appendix F of HVIP’s Fiscal Year 2021-22 Implementation Manual. Please email [email protected] to subscribe to the mailing list and to stay up to date on ISEF announcements.

Dealers and Companies Interested in Participating as a Provider

“Providers” can be dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers. Providers and dealers who are interested in offering ISEF to their small fleet customers should familiarize themselves with the Implementation Manual Appendix F and attend the ISEF Dealer & Provider Webinar on July 20 at 12 p.m. Pacific. Shortly after the webinar, the Provider Eligibility Application will be available online at www.californiahvip.org/isef. Providers must complete this step in order to request vouchers on behalf of their customers. Provider Eligibility Applications will be accepted on an ongoing basis, but Providers should submit by August 15 to ensure their offering is approved prior to voucher requests opening on August 31. The Provider Eligibility Application, Slide Deck, and recorded webinar are now available.

Small Fleets Interested in Accessing Zero-Emission Trucks

On August 31 at 1:00 p.m. Pacific, ISEF will open for voucher requests. Small Fleets, with 20 or fewer trucks and an annual revenue of less than $15 million, must work with an approved Provider to apply. Approved providers will work with eligible dealers to request the voucher on the participating fleet’s behalf. The project aims to provide small businesses with flexibility, and thus fleets  should explore the different options that will be offered by Providers upon approval. Interested small fleets are invited to attend the ISEF Informational Session for Small Fleets on August 2 at 6:00 p.m. Pacific. The slide deck and recorded webinar from this informational session is now available.

Background

The goal of the Innovative Small e-Fleet (ISEF) set-aside ($25 million within the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) for Fiscal Year 2021-22) is to implement innovative solutions to assist small fleets in making the transition to zero-emission trucks, including, but not limited to, flexible leases, short-term rentals, truck-as-a-service (TAAS), assistance with infrastructure, individual owner planning assistance, increased available funding, and other mechanisms. Small fleets and owner-operators have often faced multiple barriers to zero-emission truck adoption, such as high upfront costs, limited financing, and complex planning for charging. By dedicating this set-aside funding for small fleets, HVIP can position itself to better understand the specific needs of this traditionally underserved group and support their transition to zero-emission in advance of the upcoming Advanced Clean Fleets rule.

HVIP and the Innovative Small e-Fleets program are both part of California Climate Investments, a statewide initiative that puts cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment – particularly in disadvantaged communities with the greater economic and environmental challenges.

Updated 8/3/2022

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